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This morning Mark Zukerberg made history as the first person ever to ring the opening bell on the New York Stock Exchange in a hoody and jeans. As he stood there, watching his net worth rise to over 32 billion dollars, his 8-year-old social media company was also making history: as the 3rd largest IPO in our nation's history and perhaps the #1 largest IPO by pop culture standards.
Where this public offering will take Facebook and the direction of social media, has yet to be seen. Undoubtedly, we will notice a more concerted effort by Facebook to monetize our attention to the network, since Facebook's yearly earnings are barely north of 1 billion, while company's stock value is soaring at 104 billion — over 100 times its annual revenue.
For all us data visualization nerds, the NY Times has kindly provided some data visualization to help us grasp the shear size of this today's transaction...
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