As expected Wednesday social media giant Facebook filed papers with the Securities and Exchange Commission (SEC) for an initial public offering valued at roughly $5 billion, one of the biggest IPOs in the history of Silicon Valley.
The much anticipated event illustrates the scale of Facebook’s disruption to not only the tech world, but Wall Street, communications, and media. Just look at the way it’s being covered by the press minutes and hours after the announcement: Socially.
All of the juicy details from the company’s SEC filing flooded Facebook and Twitter faster than any traditional media organization could report them. Can’t download the full prospectus from the SEC website (which crashed under the load, BTW)? Get a ripped-and-burned version on Scribd. Don’t want to read the billion-page document to understand the details? Read the highlights on Twitter.
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