TechSpot

Facebook finally files long-rumored $5 billion IPO

By Matthew
Feb 1, 2012
Post New Reply
  1. As expected, Facebook's initial public offering hit the Securities and Exchange Commission Wednesday, raising $5 billion -- less than the $10 billion previously speculated. The long-rumored move reached relative certainty…

    Read the whole story
     
  2. RH00D

    RH00D TS Addict Posts: 412   +106

    A public Facebook = a dead Facebook.
     
  3. I agree with the guy that says a public Facebook is a dead Facebook.

    But whats really going to kill Facebook is the "Timeline". I avoid going to my friends pages that have it, and many of them say it was a mistake switching over (oddly some really love it). Anyway, once its forced onto me I will be deleting my Facebook.
     
  4. davislane1

    davislane1 TS Evangelist Posts: 1,399   +540

    I've already decided to close my Facebook account at the end of the month. Been considering it for a while, but the imminent Timeline mandate sealed the deal.

    To me, it looks as if Facebook is going down the exact same road that MySpace went down: initially it was neat, tidy & got the job done, and then it turned into a convoluted mess with people coding their pages & the company trying to cram too many features into their service. If the evolution of Facebook over the last 3 years isn't the same departure from streamlined simplicity into over-thought gimmickry, I'll be a billionaire by year's end.

    As for the IPO... This has all the smells & sounds of a bubble. The stock will certainly have upward momentum out of the gate, but as soon as the hype dies off and all of the major holders cash in their positions its going to be short city, similar to what happened with the LinkedIn. Whoever gets stuck on the long side of this is going to get cleaned out.
     
  5. RzmmDX

    RzmmDX TS Enthusiast Posts: 193   +27

    I am not even sure what will Facebook do with 5 billion... take over a country and build the world's largest data center?
     
  6. fimbles

    fimbles TS Evangelist Posts: 1,273   +152

    Selling your own information back to you......
     
  7. slh28

    slh28 TechSpot Paladin Posts: 1,925   +170

    I honestly don't get why people are kicking up a massive fuss about the Timeline, I for one think it's quite a nice feature. Same thing when the news feed came along, people threatened to quit and now it's an essential feature.
     
  8. Personally, I'm closing my facebook account and moving to Google+. Privacy is a lot better, the company doesnt purely rely on ads for income (so in my eyes is more stable and doesnt fill my screen with rubbish), and in general I trust google a lot more with my data (most of which they already hold through other services anyway.

    That said, I've never been a fan of facebook anyway as I totally disagree with Mr Zuckerburg's professional ethics, and will be glad to be away from it.
     
  9. mario

    mario Ex-TS Developer Posts: 399   +17

    Google's main revenue is advertising, and by a landslide ( http://investor.google.com/financial/tables.html ) the percentage is bigger than Facebook's. Google's privacy has gotten so convoluted with their recent changes and Google+ integration that even Microsoft will run a campaign outlining Google's new privacy mess ( http://www.tomshardware.com/news/Mi...nges-track-information-advertisers,14610.html ).

    Remember Google is an advertising company and their main source of income is selling your data to their clients, just like Facebook does.

    Facebook's filing for their IPO actually shows that they are a very serious company with great profits and changes like their new Timeline feature show that they are not afraid of innovation. Their solid finances show no sign of being a bubble. And I'll even go as far as saying that in 5 year Facebook will be even a bigger player on the Internet and who know maybe they'll go into the hardware business with tablets and smartphones.

    And if you are worried about privacy please opt-out of personal tracking here: http://www.google.com/ads/preferences/?hl=en and http://www.networkadvertising.org/managing/opt_out.asp

    Personally I use Facebook's and Google's services, I'm just not sold on their "Don't be evil" motto anymore and neither should you.
     
  10. Cellar

    Cellar TS Rookie

    Wonder whats going to change now that Facebook has all that dough...
     
  11. RH00D

    RH00D TS Addict Posts: 412   +106

    For this post, you've been awarded +3 Internets.
     
     
  12. I cancelled my Facebook last month as i distrust their use of data and who they offer it to. and I haven't looked back
     
  13. tengeta

    tengeta TS Enthusiast Posts: 632

    They keep your data, its the general public that can't see it... How do people not know this yet?
     


Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.