Before we watch Facebook be its public self at 11:00 a.m this morning, when its starts trading on the stock market, it's time to get caught up on what this all means. Last night the company priced its stock at $38 per share for a valuation of $104 billion -- the biggest pre-IPO valuation ever, of all time. But what do all those numbers mean for the rest of America? For the Internet? For the economy? For companies? For Facebook? For Facebook employees? For you? So many questions. Luckily, the Internet has been typing about this for days. Before that bell rings in a few hours, here's everything you need to know.
Tell me more about this $38 stock price.
- It's big. At that price with all those shares sold, it set a record, explains The Wall Street Journal's Shayndi Raice, Anupreeta Das and John Letzing, in their staight rundown of the numbers.
- Or, for our visual readers, The New York Times has this bubbly interactive graph thing, showing how the IPO compares to other big companies' IPOs. Spoiler: Facebook's is high. Page 2, which shows Facebook compared to former record setter Google, is the most shocking.
- And for our number savvy folks, ZDNet has a nice 'by the numbers' post, which starts at $1, Zuck's salary starting Januar 2013, through 1 trillion -- the number of pageviews Facebook gets in one month.
- But, after the stock starts trading on the market today, the stock price might get even higher and pop. DealBook's Nathaniel Popper explains how that all works.
- That's what today's all about: How the stock does. AllThingsD has a nice little musing on that.