Facebook announces IPO, what does it mean for Apple?

Facebook has officially announced their initial public offering on the stock market with ticker symbol FB on the NASDAQ. The starting price will be $38 each of the 421,233,615 common shares, which makes their initial valuation $104 billion - an awful lot considering they had $3.7 billion in revenue last year. This is the largest internet IPO ever, and the seventh biggest in the world, but what does it mean for Apple?

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/DtzhwBmgJ3g/story01.htm

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