The long-awaited Facebook IPO is in full tilt and market analysts are estimating the offering will net about $75 million--maybe more--for Zuckerberg and the insiders. That of course is mere speculation, but isn't that what the stock market is all about?
Does anyone remember the dot-com bubble of the late 1990s-early 2000s when equally attractive companies from Silicon Valley to NYC were trading at 1000% above true valuation? Or he real estate market that crashed and burned in 2006? These types of over valuations resulted in people cashing in their 401ks and kid's college funds, mortgaging the house, car and anything else could take to the bank to get into the game.
So the boucoup bucks go to the high rollers. You, me and the estimated 800,000,000 users worldwide will only get more advertising crowding out our chat lists, more privacy infringement and personal info. mining to sustain that advertising, ever-changing security measures to figure out and less of what we really came for--a place to see and be seen without having to leave our homes.
So go update your status, spread your love life like icing on a cake (stole that from the "Help") and post a funny (or even stupid) video. This is your space--for now.
Namaste
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