Changes

In September 2006, [[Yahoo]] began talks to acquire Facebook for as high as $1 billion. In October, Google allegedly offered $2.3 billion.<ref>[http://www.webpronews.com/topnews/2006/10/10/first-youtube-now-facebook-rumors-circulate "First Youtube, Now Facebook: Rumors Circulate"]</ref> All outside offers have been rejected. 2009 estimates put a net value of $6.5 billion. <ref>[http://news.cnet.com/8301-13577_3-10285409-36.html?tag=newsEditorsPicksArea.0 Facebook stock trading open; valuation $6.5 billion] CNET News, July 13, 2009</ref> 2010 estimates of the privately held company put the value at $14 billion dollars. <ref>[http://techcrunch.com/2010/01/20/facebook-valued-at-14-billion-on-secondmarket/ Facebook Valued At $14 Billion On SecondMarket, TechCrunch.com, January 20, 2010]</ref>

In September 2006, [[Yahoo]] began talks to acquire Facebook for as high as $1 billion. In October, Google allegedly offered $2.3 billion.<ref>[http://www.webpronews.com/topnews/2006/10/10/first-youtube-now-facebook-rumors-circulate "First Youtube, Now Facebook: Rumors Circulate"]</ref> All outside offers have been rejected. 2009 estimates put a net value of $6.5 billion. <ref>[http://news.cnet.com/8301-13577_3-10285409-36.html?tag=newsEditorsPicksArea.0 Facebook stock trading open; valuation $6.5 billion] CNET News, July 13, 2009</ref> 2010 estimates of the privately held company put the value at $14 billion dollars. <ref>[http://techcrunch.com/2010/01/20/facebook-valued-at-14-billion-on-secondmarket/ Facebook Valued At $14 Billion On SecondMarket, TechCrunch.com, January 20, 2010]</ref>

In 2011, [[Goldman Sachs]] invested $500 million in Facebook. JPMorgan Chase, Goldman Sachs and Morgan Stanley was put in charge of an initial public offering of Facebook stock in 2012. The company went public at $38-per-share IPO price valued Facebook at $104 billion. <ref>[http://www.reuters.com/article/2012/05/22/us-facebook-forecasts-idUSBRE84L06920120522 Insight: Morgan Stanley cut Facebook estimates just before IPO, Reuters.com, May 22, 2012]</ref> As of August 2012, the company is trading down at $20 per share, a loss of $50 billion in value.

In 2011, [[Goldman Sachs]] invested $500 million in Facebook. JPMorgan Chase, Goldman Sachs and Morgan Stanley was put in charge of an initial public offering of Facebook stock in 2012. The company went public at $38-per-share IPO price valued Facebook at $104 billion. <ref>[http://www.reuters.com/article/2012/05/22/us-facebook-forecasts-idUSBRE84L06920120522 Insight: Morgan Stanley cut Facebook estimates just before IPO, Reuters.com, May 22, 2012]</ref> As of August 2012, the company is trading down at $20 per share, a loss of $50 billion in value. As of January 2013, the stock has rebounded slightly and is trading at $30 per share, however this still represents a loss of $25 billion in value.

==Origins==

==Origins==