Facebook to Increase Credit Limit

.

Facebook to Increase Credit Limit

It has been recently revealed that Facebook is going to increase its $2.5 billion credit limit. The information has not been officially revealed and has been provided by two sources, which are in the known of the matter.

The decision to increase the limit is taken to cover a significantly major tax hit. It is expected that with this decision, Facebook is going to achieve conquer the market. Facebook's spokesman said that he cannot comment on the issue and everything will be revealed with the time.

It has also been said that Facebook is also going to enter in the initial public offering, which will increase its value in stock market. The world's largest social media network is said to be taking benefits of strong position to get more financing so that it can attain phenomenal success.

Sources, who do not want to reveal their identity, are of the view: “All these tax obligations are being created and you need cash to take care of it. You see this all the time but in this case it will be substantial”.

There are a lot many plans, which Facebook will be taking to increase its market value like increasing credit facility and selling sell equity securities among other steps. The sources said that these steps will also help Facebook for not getting into tax problem again.

Moe, who is founder of investment bank ThinkEquity, said that Facebook is reaping the benefits of all the efforts it has done to reach at the top position. Moreover, they are using the right policy to make money and that is to get the money whenever you can.

Zynga, the social games giant, agreed with Moe and said that it seems that Facebook is going to break its own success record.


Latest News

Third-Quarter Sales Better -Than- Expected for LinkedIn, Thanks to New Businesse
“Overweight” Rating for Facebook from JPMorgan Chase & Co
Fall in Oil prices Leave the Small-cap Shale Companies in Trouble
Beginning of 2015, Starbucks will Start its Delivery Service in Selected Markets
Herb Strather, Detroit blight Buyer Makes a Wednesday Deadline
Baidu with its Growing Mobile Presence, Hit 27 Percent Profit Increase
Third Quarter Profits for Samsung Electronics Drop Sharply
Federal Reserve Ends Bond Buying Programme, Keeps Interest Rates Low
Reduced Growth in Major Overseas Economies Affect U.S. Durable Goods Order
Lowe’s to Introduce Robots in Store for Customer Service
Facebook Shares Fall as the Company Portrays Increased in Expenses in 2015
USPS Audit Questions the Consistency of Surveillance Conducted on Mail