Thursday, February 02, 2012

Facebook IPO a reality now

Mark Zuckerberg is expected to file to make Facebook a public company..

We all knew he'd eventually get around to it:
MarkZuckerberg is expected to finally bring Facebook public.

The company is reported to be preparing to file for an IPO -- initial public offering -- through which anyone will be able to buy shares of the social networking company on an open stock exchange.

As an ethical hacker, I used to ignore these business shenanigans. 

Who cares if these companies are private or public, profitable or in the red? How many non-Wall-Street-Journal readers even knew what an IPO was back before the Internet created the likes of AOL, Netscape, and Google?

But the fact is we do now think about the stock market. Many of us are aware that Apple's market capitalization is fast approaching half a trillion dollars, making it either the largest or second-largest company in the world behind Exxon Mobil - depending on the week. So when we hear that Facebook is preparing for an IPO that will likely dwarf Google's entrance to the public markets in 2004, particularly considering that the company doesn't sell tangible goods or services in the traditional sense, we can't help but wonder what this will mean for the future of Facebook, its users, its competitors, and the greater economy.

The way it appears at first glance - particularly for those who have been following Mr. Zuckerberg since he launched "The Facebook" from his college dorm or, better, those who have seen the movie "The Social Network" - is that the Zuckerberg juggernaut is continuing unabated.


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