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

Sources Say ABInBev will Possibly Raise SABMiller Bid to Around 43 to 44 Pounds
William Lewis
Weaker Dollar and Lower U.S Rig Count Help Oil Edge Up
Gold Gains as Investors do not See any Chance of US Rate Hike Immediately
Contract Fees is the Key Reason for Tegna and Dish Spat
A Rise in the Medicare Premiums Could Mean Huge Increase for some and Opportunit
Organization for Economic Co-operation and Development
New Twitter CEO Expected to Cut Costs and Bring Changes
Deutsche Bank Q3 Loss may be a Record One in a Decade
Volkswagen Scandal Worries the City of Wolfsburg
Strong Component Sale and Weak Won help Samsung’s Third Quarter Profits
Is the U.S. Shale Oil Boom Heading Towards the Beginning of Its End?