With the world's largest social networking website, Facebook, going public it is quite obvious that comparisons with Google will crop up. We have collated some figures and here is a list of numbers comparing the two giants.
Google received its initial funding of $US100,000 in August 1998, before its inception, from Andy Bechtolsheim, co-founder of Sun Microsystems. For its initial funding, Facebook received $US500,000 from Peter Thiel, co-founder of PayPal in June 2004.
The current market value of Google is $US203 billion and Facebook's value, at the time of the IPO, was $US104 billion.
Mark Zuckerberg's 533.8 million shares of stock makes Zuckerberg worth, wait for it, $US20.3 billion at age 28. On the other hand, Google founders, Sergey Brin (36) and Larry Page (37), are worth $US17.5bn each.
Facebook's long-anticipated IPO was listed on Nasdaq on May 18, the company has set its initial share price at $US38 per share. Google went public on August 19, 2004. The company offered 19 million shares at a price of $US85 per share.
Around 850 Facebook employees became overnight millionaires after the company went public which is only tad short of the 1000 millionaires (approximately) that Google's IPO created.
Facebook, valued at $US104 billion, is the first US company to go public with a $100 billion plus valuation. On the other hand, Google had a market capitalization of more than $US23 billion at the time of its IPO.
On the first day of trading, Facebook opened at $US42.05 and hit a high of $US45 before closing at $US38.23 for a gain of just 0.6% above the offer price. Google had a great first day at Nasdaq its stock opened at $US100 and hit a high of $US104.06 before closing at $US100.34, 18% above the IPO price.
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