A trading halt may also represent an effort by private companies to ascertain how many shareholders they have.
Facebook expects to be required by US regulators to disclose financial results by April 30, if it doesn't go public by then, the company said last year when it announced an investment from Goldman Sachs and other backers. The $1.5 billion investment valued the company at $50billion.
Facebook decided to wait until 2012 for its IPO to give Zuckerberg more time to gain users and boost sales.
Co-founded by Mark Zuckerberg in 2004 in a Harvard University dormitory room, Facebook has amassed more than 800 million users with an easy-to-use website that lets anyone with an Internet connection to construct profile pages, post video and photos and interact with friends. The company has nudged aside competitors such as MySpace Inc and generates sales from advertisers as varied as AT&T Inc, Best Buy Co and Sony Corp.
Questions:
1. Which two companies is Facebook looking to hire to handle the deal?
2. What could a trading halt represent?
3. To this date, how many users has Facebook amassed?
Answers:
1. Morgan Stanley and Goldman Sachs Group Inc
2. An effort by private companies to ascertain how many shareholders they have.
3. Over 800 million.
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