Launched eight years ago in Mark Zuckerberg's dorm room, Facebook snowballed in recent years. The company makes money in two ways: Selling ads and collecting a fee from the app makers who use its Facebook Credits system.
Facebook has no plans to ever charge its members for using the site. As Zuckerberg wrote in a letter to future shareholders: "We don't build services to make money; we make money to build better services."
The hottest IPO in years is getting poised tor launch.
|First U.S. penny sold for $1.2 million|
|More than half of middle-class kids fail to earn bachelor's degrees|
|Apple's Tim Cook 'deeply disappointed' in Indiana's anti-gay law|
|19 stocks Goldman Sachs says to buy now|
|Mercedes-Benz to make a pickup truck|