The facebook
So, they’re looking to do an IPO. People voice their concerns about privacy on Facebook. And I often see posts about how someone is unhappy because Facebook is doing some thing they don’t like. Well, if they go public, expect more of that. They’ll need to keep up their profit margins.
And, remember, kids. You’re not Facebook’s customer. You are its product.
February 2nd, 2012 at 3:17 pm
The TeeVee news locally re: upcoming IPO is one real-estate company hiring about 100 people to prepare for big the house-buying splurge and a certain Porsche dealer expects to profit heavily too – they’re all singing Happy Days Are Here Again… Product gotta be SOLD!
February 2nd, 2012 at 4:03 pm
If I had the cash, I’d short FB the day it came out.
February 2nd, 2012 at 4:16 pm
Wait…if your right, you wouldn’t need the cash!
February 2nd, 2012 at 4:46 pm
On the other hand, the rules change a bit for a publicly traded company.
http://arstechnica.com/tech-policy/news/2012/02/post-ipo-facebook-will-have-to-make-privacy-investigations-public.ars
February 2nd, 2012 at 5:22 pm
My kids, ages 15, 18 and 22, gave up Facebook months ago. They might post something once a month or so. They prefer Twitter. Facebook is so yesterday.
February 2nd, 2012 at 7:32 pm
We need even more Stanford millionaire know-it-all beyotches under the age of 25? This place is becoming a real sewer.
February 2nd, 2012 at 8:11 pm
I don’t understand how facebook makes a profit, much less $100 billion. I’ve never clicked on an ad, I don’t know anyone who has clicked on an ad, and nobody I know knows anybody who has ever clicked on a facebook ad.
Eventually the advertisers have to get wise.
February 2nd, 2012 at 8:44 pm
@dustydog:
Facebook’s click-through rate is terrible. Its an order of magnitude worse than Adsense. It gets such a huge percent of traffic on the internet though, that it doesn’t matter.
February 2nd, 2012 at 9:11 pm
You ought to see the latest storage facilities they are building for Facebook in NC… Those are absolutely huge. I got a quick peak at the “basic” floor design and it is simply amazing..
February 2nd, 2012 at 9:31 pm
Which is pretty much exactly why I no longer have a personal Facebook account.
February 2nd, 2012 at 9:56 pm
So when is the SayUncle IPO… I’ll buy a share or two…
Dann in Ohio
February 2nd, 2012 at 11:29 pm
Unfortunately, FaceBook looks like it’s going to be around and a Major Player for a long time to come. I’ve even heard some companies now want your Facebook Page when you give them a resume, or no Job Interview. But when it goes Public, at least there might be a little Government Oversight into your Privacy Rights.
Very little, but more than than Facebook’s “Ooops! Sorry. We’ll work on that, I promise.”
February 2nd, 2012 at 11:49 pm
Dustydog: Facebook makes money by selling its users data.
The users are the product being sold … personal info and friend-network data.
February 2nd, 2012 at 11:52 pm
Facebook? Prospective employers get a carefully crafted LinkIn page to look at, and an email identity that is only used for work stuff.
If they want retards that let it all hang out on facebook, then I ain’t working for them anyway.
February 3rd, 2012 at 9:22 am
Didn’t the owner of Facebook meet with Obama not too long ago? Wonder what subjects were up for discussion?
February 3rd, 2012 at 10:46 am
“You’re not Facebook’s customer. You are its product.”
shorter version: “FACEBOOK IS PEOPLE!” (in voice of Charlton Heston)
February 3rd, 2012 at 11:03 am
mikee. That’s funny. Thanks.
“From my cold, dead thoughts!”
He’s still my president. How about you?