Facebook already went public, you weren't invited - The Term Sheet: Fortune's deals blog Term Sheet: "FORTUNE -- On February 1, Facebook at long last filed its official S-1 document with the SEC, the first step toward an initial public offering (IPO) the company expects to do in the second quarter of this year. Despite the fact that it was widely anticipated, the financial media went absolutely bananas. Facebook was the only subject on television, the radio, the web and in the paper. For a week.
But lost in all of this saliva-covered enthusiasm was the fact that Facebook's de facto IPO had already occurred a long time ago. Yes, Facebook already went public, you just weren't invited."
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