Facebook's Explosive Popularity and the Road to a Multi-Billion Dollar IPO - video Dailymotion

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Facebook's Explosive Popularity and the Road to a Multi-Billion Dollar IPO

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00:00With Facebook's popularity skyrocketing, it was only a matter of time before it expanded beyond college campuses.

00:06In 2006, Mark Zuckerberg opened Facebook up to high school students, and the platform exploded in popularity.

00:13With high school students on board, Facebook quickly became one of the most popular websites in the world.

00:19By the end of 2007, it had over 10 million users.

00:23Mark Zuckerberg knew that if he played his cards right, he could turn Facebook into a multibillion-dollar company.

00:30This is why he hired a team of lawyers and accountants.

00:332. Prepare the company for an IPO

00:35An IPO is when a private company offers shares of itself to the public for sale.

00:40This allows the company to raise capital and also gives the founders a chance to cash out some of their stock.

00:46But the road to an IPO is not an easy one.

00:49Companies must meet strict requirements and undergo several months of scrutiny from potential investors before they can go public.

00:57Despite all of the hard work that went into preparing for the IPO, when it finally happened, it was worth it.

01:03Facebook's IPO raised $3 billion and made Mark Zuckerberg a multibillion-dollar company.

01:08With all of this money, Mark could finally afford to hire top talent from other companies and expand Facebook to new markets.

01:15Thank you very much.

01:16Thank you very much.

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