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February 11, 2012 11:11 pm GMT
I can think of few subjects less interesting than Facebook's forthcoming IPO. There, I said it.I honestly don't get what the big deal is. So a few thousand people will finally liquidize their locked-up wealth, and the hoi polloi will at last be able to buy Facebook shares. Stop the presses! (It won't meaningfully affect their ability to buy other companies; they already have $4 billion in cash on hand, and I seriously doubt they have any multibillion dollar acquisitions in mind.)I guess if you measure innovation by keeping financial score, this seems exciting, but if you measure by, you know, actual innovation, this is a total nonevent.However. All the IPO furore has introduced one interesting data point: Mark Zuckerberg's S-1 letter, which includes the unexpectedly striking--daring, even--paragraphs
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oHxolXXjaAA/
Is Facebook Finally Going To Do Something Interesting?
I can think of few subjects less interesting than Facebook's forthcoming IPO. There, I said it.I honestly don't get what the big deal is. So a few thousand people will finally liquidize their locked-up wealth, and the hoi polloi will at last be able to buy Facebook shares. Stop the presses! (It won't meaningfully affect their ability to buy other companies; they already have $4 billion in cash on hand, and I seriously doubt they have any multibillion dollar acquisitions in mind.)I guess if you measure innovation by keeping financial score, this seems exciting, but if you measure by, you know, actual innovation, this is a total nonevent.However. All the IPO furore has introduced one interesting data point: Mark Zuckerberg's S-1 letter, which includes the unexpectedly striking--daring, even--paragraphsWe hope to change how people relate to their governments and social institutions.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oHxolXXjaAA/
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