Meet Facebook’s Oldest User

There are 955 million active users on Facebook — and not all of them are in their teens or 20s. The fastest-growing demographic on the service, for at least the last two years, has been women over 55.

And with that in mind, we invite you to meet the delightful Florence Detlor, 101 years young. According to Facebook, she has the distinction of being the service’s oldest user. She’s also the oldest person to visitFacebook HQ, where she met with COO Sheryl Sandberg, along with a guy young enough to be her great-grandchild: Mark Zuckerberg, CEO and founder.

Sandberg posted the above picture on her Timeline early Monday, along with the caption: “Honored to meet Florence Detlor, who at 101 years old is the oldest registered Facebook user. Thank you for visiting us Florence!”

The photo has garnered more than 5,000 Likes — and comments from users with 102 and 103-year-old grandparents, both eyeing Florence’s title.

According to her profile, Florence graduated from Occidental College in 1932. She lives in Menlo Park — coincidentally enough, where Facebook is now headquartered — and is “looking for a good book to read.” She joined Facebook three years ago this month, in August 2009.

[via AllFacebook]

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Facebook sets $28 to $35 price range for IPO

NEW YORK (AP) — Facebook has set a price range of $28 to $35 for its initial public offering of stock.

At the high end, this could raise as much as $11.8 billion. If the underwriters sell the extra stock reserved for overallotments, the IPO will value Facebook at $79.3 billion at the high end of the price range.

That's much higher than any other Internet IPO in the past, even Google Inc. in 2004, which raised $1.9 billion. The range came in a regulatory filing Thursday.

After that, Facebook will go on an "IPO roadshow," where executives talk to potential investors about why they should invest in the stock. If all goes well, Facebook's stock is expected to price on May 17 and make its public debut on May 18.

Facebook's IPO has been highly anticipated, not just because of how much money it will raise but because Facebook itself is so popular. The world's largest online social network has more than 900 million users worldwide.

CEO Mark Zuckerberg, who turns 28 this month, has emerged as a wunderkind leader who's led Facebook through unprecedented growth from its scrappy start as a hangout for Harvard students.

Zuckerberg will keep tight control over the company even after the IPO. He will control about 58 percent of the company's voting power, through stocks he owns or because other shareholders have promised to vote his way through shares that they own. This means he will have final say over the biggest decisions facing the company even after it goes public.

Zuckerberg will own 31.5 percent of Facebook's outstanding stock after the IPO. At the high end of the expected price range, this will make his holdings worth $17.6 billion. This would put him at around No. 33 of the Forbes lists of the world's richest people, above the likes of Michael Dell and Steve Ballmer.

Facebook's expected valuation will easily surpass well-known corporations such as Kraft Foods Inc
.

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