Report: Facebook will disclose financials in '12 - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Report: Facebook will disclose financials in '12

NEW YORK (AP) - Facebook will be forced by law to start coughing up details of its financial performance or go public by April 2012, according to a published report.

The Wall Street Journal reported Thursday that privately held Facebook Inc. plans to cross the 500-shareholder threshold this year, citing a memo being distributed to potential investors.

That will trigger a Securities and Exchange commission rule requiring financial disclosures, even if Facebook still hasn't had a formal IPO.

The news comes just two days after a report in The New York Times that Goldman Sachs and a Russian investor have handed over $500 million for a stake in the company. The infusion gives

Facebook a value of $50 billion - twice that of Yahoo Inc.

Goldman declined to comment on the report. Facebook did not immediately respond to a request for comment.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

  • Local NewsLOCALMore>>

  • Conviction upheld in 2014 Hattiesburg murder

    Conviction upheld in 2014 Hattiesburg murder

    Wednesday, July 18 2018 9:11 AM EDT2018-07-18 13:11:01 GMT
    V'Nell Miskell (Photo source: Mississippi Department of Corrections)V'Nell Miskell (Photo source: Mississippi Department of Corrections)

    The Mississippi Court of Appeals upheld the murder conviction and sentence of a man found guilty in the 2014 shooting death of a Hattiesburg man. 

    More >>

    The Mississippi Court of Appeals upheld the murder conviction and sentence of a man found guilty in the 2014 shooting death of a Hattiesburg man. 

    More >>
  • Council approves pay increase for HPD dispatchers

    Council approves pay increase for HPD dispatchers

    Wednesday, July 18 2018 12:00 AM EDT2018-07-18 04:00:59 GMT
    The Hattiesburg City Council voted to give dispatchers in Hattiesburg Police Department a pay increase. WDAM looked at the numbers and where the money is coming from. (Photo source: WDAM)The Hattiesburg City Council voted to give dispatchers in Hattiesburg Police Department a pay increase. WDAM looked at the numbers and where the money is coming from. (Photo source: WDAM)

    WDAM cameras inside council chambers Tuesday night as the Hattiesburg City Council cast their votes. The council voted yes, to giving dispatchers within the Hattiesburg Police Department a pay increase. WDAM looked at the numbers and where the money is coming from. Councilman Carter Carroll said, "Dispatcher is a very important position and it needs to be someone with experience." Right now, the Hattiesburg Police Department has an extremely high turnover rate in that spe...

    More >>

    WDAM cameras inside council chambers Tuesday night as the Hattiesburg City Council cast their votes. The council voted yes, to giving dispatchers within the Hattiesburg Police Department a pay increase. WDAM looked at the numbers and where the money is coming from. Councilman Carter Carroll said, "Dispatcher is a very important position and it needs to be someone with experience." Right now, the Hattiesburg Police Department has an extremely high turnover rate in that spe...

    More >>
  • Players of the Pine Belt - Lumberton senior C.K. Bowens

    Players of the Pine Belt - Lumberton senior C.K. Bowens

Powered by Frankly