By Charlie Warzel / @cwarzel
Batten down the hatches, stuff your cash inside your mattresses and get ready to watch 276 hours of CNBC without blinking. Facebook may be close to filing for their record-breaking IPO.
Rumors this afternoon are swirling around that Morgan Stanley is close to taking the lead in underwriting the monster initial public offering that stands to bring Facebook a valuation of between $75 and $100 billion. Yeah, you heard right. Billions.
According to the Wall Street Journal:
Facebook could file papers for the IPO as early as this coming Wednesday, but that timing is still being discussed, said a person familiar with the matter. The company is currently looking at a valuation of $75 billion to $100 billion, this person said.
This is big news. So of course we did what we do and took to the Twitters. Here’s a few gems:
We thought the same thing! Just watch out for those underage coeds, Sean! (yeah, we saw The Social Network)
I’ve only heard of the ‘octo-box’ in fables…is it real?! Will we see it?!
For $100 billion, Zuck can tattoo everyone in the city of Palo Alto head to toe. 300 times over (this is a rough estimate, and by that we mean we made it up).
More info as it comes, folks.
Lead Image via [markwollacott.com]