Facebook will generate $100 bln instantly

It’s now official that the Facebook float will generate around a valuation of $100bln making Mark Zuckerberg a billionaire. He will sell almost 1 billion dollars worth of shares on the float to pay tax bills but he retains up to 60% of the shares making him one of the youngest and most wealthy people on the planet. It’s reported that he might be worth more than Steve Balmer the CEO of Microsoft.