Many investors are expecting Facebook to file papers for an initial public offering sometime later this week. The company, which was founded in a Harvard dorm room less than a decade ago, is expected to be valued at nearly $100 billion by Wall Street.
And if these early reports are true this is shaping up to be the biggest Internet IPO ever.
Originally published on Mon January 30, 2012 8:41 am
Many of the files stored by the millions of users of the cloud service Megaupload could begin losing their files on Thursday. The AP reports that federal prosecutors said Megaupload paid third parties to store data and now that authorities have freezed Megaupload's accounts, it can no longer pay those providers. The providers said they would begin deleting files as early as Thursday.