May 19, 2012

Zuckerbook and the Millionaires

Last January the Hollywood Foreign Press Association awarded The Social Network four Golden Globes for Best Picture, best original score by Trent Reznor and Atticus Ross, best direction from the wonderfully talented David Fincher and best screenplay by one of the most gifted writers today, Aaron Sorkin.

This week, the founders and venture capitalists surrounding Facebook began to cash in their chips. After hundreds of millions of years of networking socially, there are more billionaires and millionaires this week due to an initial public offering that speculators are saying will value Facebook at $107 Billion or just over $100 per user.

Like all companies, the purpose of Facebook is to make money despite the well crafted Mark Zuckerberg hoodies and golly gee it's all about the sharing exterior. So when it comes time for investments to be returned, it will be on the backs of each one of us - the 900 million. Whether we stick around when our pages are littered with advertising is a whole other story. It's doubtful the new millionaires are too concerned about all that.

Some interesting posts published this week

· Tech Crunch - Twitter Sentiment Mirrored Facebook Stock Price
· All Facebook - All That For 23 Cents?
· inc - Facebook IPO Could Spawn 1,000 Start-Ups
· Mitch Joel - Leaving Facebook
· Gigaom - Facebook Gets a Reality Check
· Wired - Facebook IPO is Not The Engame

Kneale Mann

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