Dan Gallagher, tech editor for MarketWatch, talks about what we can know about Facebook from the company's filing for an Initial Public Offering, and what it means for users of the site.
So having to go public is like having to go from having friends to having fans on Facebook?
What do you think?
sorry I am only coming to this at the end but the whole Facebook thing is inexplicable to me. Full discosure--I do not have a facebook page (I waste enough time online, like right now.)
However, what I want to say is that I find the valuation of this company totally incomprehensible. Billions? And they produce nothing but advertising! Yes Brian, of course the reason that facebook pushes the envolope is to earn more money from advertising. Right now the financial folks are already expressing disappointment in the financial souundness of the company. So the press will be on for MORE advertising. Sigh.
A small Israeli hi tech entrepreneur with no shortage of "chutzpeh" made a program that can provide 10,000 false "Likes" to anyone willing to pay the company. Facebook threatened to sue him, and he said "bring it on." He wants Facebook to sue him for the publicity value! ;)
All companies start as patriarchal little "families" ruled by a well-intentioned "papa" or mama, and then grow up and go public to expand, and turn into large monsters, and finally old dinosaurs, and eventually die when they fail to adapt. Few companies live to see the ripe old age of 120.
It is not true that facebook asks us to share our financial information. I've never been asked or prompted.
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