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.
|Robin Williams' wife, kids fight over his estate|
|How far Chinese moms will go to have U.S. babies|
|How Hong Kong's subway turns a $2 billion annual profit|
|Elon Musk to unveil 'major new Tesla product line'|
|Jay Z's TIDAL music service to be owned by artists|