Facebook is going public

Facebook filed an initial public offering yesterday. Mark Zuckerberg’s site, which has a whopping total of over eight hundred million users, is estimated to have a market value of a hundred billion American dollars.

 This would be the biggest IPO yet, with the company expecting to rank in five billion dollars in the second quarter.

Zuckerberg released a statement along with the filing. He said Facebook’s mission is to make the world more open and connected.

In order to make money, the company sells advertisements based on the information that is shared by users.

he social media site is expected to make its way in the stock market by May, just in time for Zuckerberg’s birthday.