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

PPIC’s Poll Reveals Californians Divided in Opinion on Climate Change Impacting
Chairman Says the Boeing Company May have to Move Some Operations Overseas if Ex
Facebook Second Quarter Earnings Surpass Analysts’ Expectations but Growing Expe
Overcharging Scandal Takes a Toll on Whole Foods Earnings
Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chair
Solvay, the Belgian Chemical Group to Acquire U.S. Cytec for $5.5 billion
Reports Say Amazon Suggests Dividing Airspace into Zones for Delivery Drones
Federal Reserve Expected to Stay Focused on Rate Hike Plan in September
Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases
Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor
Baidu Profits in Second Quarter Offset by Higher Expenses
Economists Predict Solid Revenue Growth for Vermont