Say what you will, Facebook changed how we communicate, connect, and to some degree do business. I missed the opening bell (anyone have a video link?) but tuning in to see how crazy the stock goes at 10:30am (epic opening day IPO's usually get trading pushed out 90 minutes).
While I'm not a stock/finance junkie, I am interested in watching how companies going public like LinkedIn, Zynga, and now Facebook will work or clash with how 'Old School' Wall Street does business. Personally, I think the system needs to be shaken up a bit & old, stale ways of thinking need to be replaced with those that encourage creativity, social good, and financial gain_.
#FacebookFriday #FacebookIPO
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Also interested to see how it does, +Lynette Young.
How many shares are you buying? 😀
+Lynette Young really? What communication changes can you attribute to Facebook? I don't think they changed anything. Twitter changed how we communicate for sure. Friendster changed how we defined relationships online. But Facebook just did things other sites were doing better and more attractively, I'm not sure they did anything new.
It's all business, so I don't understand the comment about how it will "shake up Wall Street', that sounds like pure spin coming straight outta Wall Street. Just another marketing tactic here I suppose.
The revenue growth that will be required to make Facebook's valuation in any way logical is completely bonkers. They'll have to scoop a HUGE amount of advertising dollars away from everywhere else.
+Lynette Young If facebook changed how we communicate, Google changed the world. Facebook is just a mere gossip medium with no regards to people's privacy and nothing more
From my perspective, I haven't seen anything that's really recreated what Usenet did. Things have been dressed up with pretty pictures and layouts, but nothing so far matches the raw power & organization of usenet discussions. G+ is about as close as I've seen, and they crippled easy coalescing of topical discussion by keeping circles individual and private.
Zynga hasn't done much since going public. I'm not sure how well FB will fare.
+Sean Bonner well anecdotally, its definitely changed the way my friends and I communicate, with Facebook messaging being our default (and really only) means of talking as a group — e.g. to discuss plans for upcoming trips and whatnot.
Facebook brought a generation of over-40s to the net and connected them in a way that they were not connected before. Millennials grew up with texting (and perhaps email) and so have never been out-of-touch with their peers.
If anything, Facebook took the poorly-implemented idea of Classmates.com and actually made it work. People who were not in touch for 25 years — and had no practical way to get in touch — have reconnected because of Facebook. Sure Friendster or Myspace or Classmates could have done that, but they didn't.
There is an amazing stat in the Wired article about Facebook this month, which basically says this: when Facebook launched, there were 750 million people worldwide using the internet. Today there are 900 million people using Facebook. Say what you will, but I don't think we can dismiss the impact and power that Facebook has and will have for years to come.
+Ben Zaitz no $FB for me – I'm not a stock investor sort of gal!
+Sean Bonner/ +Cindy Brown Facebook brought those changes mainstream and made it acceptable for a majority of people to use online/social communication. "My mom" was never on Friendster, Twitter, IRC, Usenet, or any homegrown BBS. They were all before the apex of the curve. Facebook changed that. I'm not saying they 'invented' online social communication, but I feel they changed it.
+Anton Rigglesby it's no secret that Silicon Valley & Wall Street have different rules when it comes to money and management. With more and more outrageously huge valuation companies coming into play with the potential to 'save' or 'kill' Wall St. it doesn't seem like business as usual to me.
When a startup that has hockey-sticked up with revenues and users hits Wall Street and then 'hasen't done much' it has something to do with a company maturing & hitting the Street, I don't really see it as a reflection of the company's ability to earn or grow in the future. We are all so used to seeing startups able to pivot on a dime and when they hit the Street, it needs to become more of a long-term sustainable business. THAT is where I see Valley vs. Street clashing. How to entrepreneurs that are used to doing what they see fit WHEN they see fit adjust to (public) shareholders?
There's no doubt that Facebook has been of great cultural value. Wall Street, however, doesn't care much for culture. The bottom line is all that counts.
Anyone who buys-and-holds on Facebook is making a mistake, IMHO.
Alright, I'll grant that aspect of it. Being one of those ancient doddering wrecks who was on the internet probably before many of you were born, I tend to forget how little we oldsters use the internet. Until, of course, FB saved the day.
I should also note that I'm not terribly enamored with publicly traded companies. But that's an entirely separate issue.
Haters gonna hate.
now if we could just figure out a way to shake up the patent system…many of these systems were sufficient when they were created, but failed to adapt as times changed.
+Cindy Brown I ran a BBS back in the day. Oy. I suppose part of my worry or fear is that the Street will change the type of company that Facebook (or any of the others) could be. Like their trajectory is different now.
Yes, that's what I tend to intensely dislike about publicly traded companies. Suddenly it's the shareholders and board calling the shots and it tends to become all about wringing out the very last penny from the company. I think that's destroyed a lot of otherwise very good companies.
There's some positive and negative views on this!! the positive is that bringing more closer to business world, the negative one if involves scumbags and hackers target!!!
if we ran our homes like most business are run we woulld
a] never save for the future
b] sell and/or dump any excess materials rather than storage
c] sell and/or dump any ventures not showing enough profit (i.e. if the
children or spouce doesn't pass minimum 'productivity'
requirements then sell or liquidate
i love you lynette.
The rules of publicly traded companies definitely impact how companies operate as now their sole mission in life is to protect investors. Companies like Google have the benefit of taking some wild shots because they have such a strong financial engine. Facebook will hear about it now if they go buying more companies with no apparent income stream for 1billion (instagram). However, to your point +Lynette Young…as for how Facebook has impacted our society and communication…I don't think wallstreet will have any impact on that. It has firmly cemented itself as a way to communicate and in some cases even do business. Hopefully the rules/regulations won't slow down the execution of the company.
For you@marc lee,, actually in terms of business,, they do so much which was more apparent and convenience,,but in a following times to come,, lapses may come-up,,all we need to ask for is the advancement,, of the preparation,and the with is count for comprehensive act,,to supervised,public,private,individual,protections,, since FACEBOOK,includes social,profital adds,scums,and syndicalism,everybody gesture is to come-up with profit,, and how do they give share for a profitable share for investment????? is for big seven,or to come with any interest for gain?????????????????????????????? so much question we could ask for that we part of it!!……
Wall Street denizens are experts on creativity. That's why Goldman Sachs lost so much money as their CEOs received obscene payments.