Facebook sets share price

Facebook has announced their share price ahead of Friday’s opening of the stock market.

According to the BBC, the social networking giant has valued their shares at thirty-eight dollars per share.

Facebook have 421 shares ready to be sold when trading opens on the Friday session of the New York Stock Exchange. With their per-share price the company is valued at one-hundred billion dollars.

They will begin trading for the very first time on Friday and the demand is high. Facebook expects to sell 25 percent more shares than planned as a result of the demand.

The company has 900 million users worldwide.

Flickr Photo by: Franco Bouly