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Business Facebook IPO Could Exceed $100B Craig Ruttle / AP Photo

Facebook IPO Could Exceed $100B

Maybe those Facebook investors looking to dump their shares don’t know what they’re doing? The Wall Street Journal says that Facebook’s earnings are growing quickly enough to potentially justify a $100 billion IPO—double the $50 billion valuation that was estimated when Goldman Sachs invested in the social network earlier this year. The new figure, if realized, would make Facebook larger than both Amazon and Cisco; it is based on the $2 billion the company is on track to earn in 2011. Facebook, however, has not announced plans to go public.

May 2, 2011 2:45 AM