Facebook gets ready for share issue

Facebook social network is planning to enter stock market and gain the status of an open joint stock company. In 2010 the Internet resource, being the property of the youngest world multi-millionaire Mark Zuckerberg paid $1,2 billion. In case it will be decided to establish an open joint stock company Facebook will have to disclose its revenues, profits, losses, management compensations as it normally happens in all open joint stock companies. According to Facebook management plans, the numbers of company’s shareholders even in this year will be more than 500, thus it will be required either financial situation disclosure or joint stock company establishment before April, 2012.