Could Facebook IPO help it dominate Google?

With the Facebook initial public offering (IPO) now official, industry and financial analysts say that a huge influx of cash could enable the social networking company to topple Google from its dominant position in the online world.

Facebook had been expected to file its IPO papers with the U.S. Securities and Exchange Commission this week, and it did just that late yesterday afternoon. Analysts and potential investors were eagerly awaiting what is one of the largest IPOs in recent years.

With an expected valuation of $100 billion, financial analysts say the IPO is worth about $5 billion. That's a big potential war chest for a company that has been fighting for social networking users and advertising dollars with the largest Internet company on Earth - Google. Read more...