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

New Zealand Once Again Raises Its Interest Rate Now to 3.5 Percent
UN Human Development Report Points at Inequality for Slow Progress
Facebook Perched to Reach a Record High After Heavy Quarterly Gains
July HSBC Survey Reveal China PMI at All Time High in 18-months
A Woman for the First Time to Join Board of American Apparel
Glaciers Melt near Lahaul, Spiti Make Officials Warn about Flooding
A.H. Belo Corp. Will Sell Providence Journal Newspaper to New Media
Comcast’s Second Quarter Earnings Increase as a Result of Added Internet Custome
Sugar tax Make it to San Francisco Ballot in a 6-4 Vote
GasBuddy.com: Gas prices in the US dropped to $3.57 per gallon in the last week
Customers Order For More Burritos Though Chipotle Raises Prices
Netflix Surpasses 50 Million Subscriptions as Its Second Quarter Earnings Get a