With Facebook's announcement Wednesday that it will become a publicly traded company, lots of folks were talking about it.
On Facebook.
The company filed Wednesday to raise $5 billion in an initial public
offering. Most analysts predict that Facebook's valuation will
ultimately fall somewhere between $85 billion and $100 billion.
Those staggering numbers had Facebook users -- those whose privacy
settings defaulted to public -- largely pondering one major school of
thought: "Wow, that's a lot of money."
"$5 billion IPO for Facebook?!?!? What the hell am I doing on
Facebook???" wrote a user named Jeff Pantridge. "Screw this... I'm
making Jeffbook. I should have something whipped up in an hour. Friend
me, follow me... Whatever ... . It's time to get paid."
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Facebook user Michael John Chaves pondered what the big-dollar opening says about careers in the tech industry.
"Hmm to become a hardware engineer or software engineer?" he wrote.
"Facebook's IPO expected to create between 500 and 1,000 millionaires
among employees. Soo the answer is: Software Engineer."
Gregory Luis Martinez had more humble ambitions.
"Anybody want to split a share 10 ways?" he joked.
Other users predicted a flood of would-be investors.
"I expect people will be crawling over each other to invest after the
Facebook IPO," wrote Adam Saunders. "It will be interesting to see
whether Facebook can match the expectations that will come along with
its new, and likely obscenely high, valuation."
Mostly, however, the big financial news inspired a lot of wry observations.
"Ironically Facebook could be dealing [with] the same problem with
public scrutiny after the IPO as most of us do when deciding what to
post on Facebook," wrote user Mark Glaser.
User Larry Scudder lobbed this one: "With facebook becoming a public
traded company and making everyone go to the stupid timelines, what are
the odds of it going the way of myspace?"
Well ... at its peak, Newscorp paid (some would say overpaid) $580
million for Myspace. That's hundreds of millions less than what Facebook
earned just last year. And we don't see Facebook being sold for a
paltry $35 million anytime soon.
Facebook earned $1 billion last year on sales of $3.7 billion. The
site said it now has more than 845 million daily active users.
And that's the number that had user Phillip Pambrun thinking that
maybe Facebook should spread the wealth a little. He even encouraged
users to take their case to CEO Mark Zuckerberg.
"Ok, so. Facebook is about to IPO in a moment. Am I the only person
that thinks every Facebook member should receive at least 1 share at
initial post?If it wasn't for all of you loyal and faithful Facebookers,
this would never have gotten this far. So, everyone, message the high
"Z" for your minimum 1 share. Lol! "
Hey ... can't blame him for trying.
me:
i dont think that they need to pay cuz they have a lot of money. Dude they are FACEBOOK all use FACEBOOK i think that they get money for every account
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