There are rumblings around town about a tech bubble like the one that burst following the dot-com boom in the late 1990s. Yet while tech growth in San Francisco has unquestionably fueled the economic recovery here, there is insufficient evidence to make the case for a bubble. Nonetheless, it is not too early to start thinking about what a bust could mean for the economy.
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San Francisco’s tech industry has softened the blow of the national recession on the local economy and is viewed by some as a cornerstone of The City’s future economic growth.
The success of a tech company is often gauged by its ability to go public and shake up the market with a stock value exceeding its initial offering price.
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Facebook might finally be laying down the groundwork for a highly anticipated initial public offering, long expected to take place sometime after April 2012.The Wall Street Journal is reporting that the world's largest online social network is looking into raising as much as $10 billion in its IPO. The Journal cited people familiar with the matter but did not identify them by name.
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By:
Associated Press
01/27/11 4:53 PM
LinkedIn Corp., the company behind the largest website for professional networking, plans to raise at least $175 million in an initial public offering of stock that could open the IPO floodgates for other widely used online services that connect people with common interests.The IPO papers filed Thursday by LinkedIn puts the 8-year-old company on a path to make its stock market debut in the next three to four months, barring any major stumbling blocks.
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