Undoubtedly you have heard that Facebook has filed to offer public stock options in their company, and that a few people are in line to become insanely rich. Most regular people won’t have the means to buy Facebook stock in the initial public offering, as that will be reserved for those who are already very rich.
I don’t “get” Facebook, so I’m not weeping about not being able to buy their stock in the IPO. For businesses, I sort of “get” Facebook as an advertising medium announcing events, specials and other news, but for individuals, I just don’t get it.
I was on Facebook briefly, but I was requested to acknowledge total strangers as my “friends”, and even from those I sort of knew, all I received was poker challenges, and requests to help them add virtual animals to their virtual farm. A group of teenagers recently told me that Facebook is “an old stupid dinosaur” – you don’t suppose Mark Zuckerberg knows that Facebook can only hold on so much longer before going the way of “MySpace”, so he’s taking it public to bring in as much cash as possible? I know, I’m being cynical, but how long will it be before the use of Facebook begins to decline?
How much longer before the Facebook bubble bursts? I won’t be in line to stock up on Facebook stock when it’s offered. How about you?
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