Launched in February 2004, Facebook is a social networking service founded by Mark Zuckerberg with his college roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Early investors include Microsoft and Hong Kong tycoon Li Ka- shing, through his namesake charitable foundation. Facebook’s US$16 billion initial public offering in May 2012 generated huge investor interest although the shares subsequently slumped in price.


Reasons to be wary of Facebook IPO

Getting a piece of the Facebook initial public offering action would seem like the surest of investments. The online social network has head-and-shoulders more daily users than any other, with 540 million.