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.
|Alaska reporter: 'F*** it, I quit'|
|Obama administration takes first steps against tax 'inversions'|
|Apple sells 10 million iPhone 6 and iPhone 6 Pluses|
|Student homelessness hits another record|
|Activists plan to shut down NY stock exchange|