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Facebook IPO

Twitter is the latest in a string of companies putting users at the whim of hasty policy changes and a rapid monetization policy put in place for IPO. You want to use it? Pay for it. While there's technically nothing wrong with this idea -- Twitter is a company and they should make money -- the fact that they're still alluding to the impression that all users have an equal opportunity in achieving influence is just inaccurate.
Facebook has forever changed the way we talk, share, court, and even think. Yet it is also irritating, over-stimulating, and campy -- invasive, censored, and exploitative. And above all, its users are starting to show signs of Facebook fatigue. The collapse probably won't happen any time soon, but it will happen -- nothing can rule the World Wide Web forever.
Yes, Facebook stock is struggling and it may struggle lots more as the shackles are taken off company insiders, which will allow them to sell more into the market in the coming months. But Facebook is real. It is not a vendor of vaporware like so many of those dot.com companies that never earned a penny but burned through cash faster than Mark Zuckerberg could burn through old friends.
On May 25, I questioned and debunked Facebook's "active users" number of 900 million in a column. This month, the company admitted that their unaudited numbers are wrong and misleading. Zuckerberg may be a technological whiz kid, but he has yet to demonstrate that he can run a public company.
To all the anti-establishment hipsters lamenting technological advancement and the resulting popularity of social media: nostalgia for a bygone era is hardly avant-garde. Drastically different social norms are not an indication of societal "decline," but simply an indication of human nature's astounding ability to both create and adapt to change.
Facebook is learning that what people like to chat about when they should be working isn't a very effective way to match ads to eyeballs. LinkedIn on the other hand has a very specific type of advertising structure, and one that works very well: job postings. Is there an ad people want to see more than one promising a better career?
What does Facebook sell? You could say advertising. They sell advertising to the tune of several billions of dollars each and every year. If Facebook is a media company, we then have to ask ourselves: What kind of media channel does Facebook provide and how does it compare to those other media channels?
I hate to be a killjoy, but Facebook, in economic terms, is a mirage, other than for Zuckerberg and anyone else who has founders' stock. It illustrates the need for salvation, not the road to follow to achieve it.
Unfortunately, the Facebook's IPO was not without its critics and the split opinion was evident in the initial trading volatility. Analysts estimate that for Facebook to mirror Google's performance, its market cap would have to rise to close to $1 trillion in the same eight year time period.
Despite its inflated IPO, Facebook couldn't look more different from what we hoped it might someday be. The problem is that no one's happy: Customers are subjected to more and more ads, and the companies who created those ads aren't seeing much of a return on investment. But the IPO adds another wrinkle to the equation...
If you're reading this, the chances that you are on Facebook are relatively high. And sadly, the chances that you personally will duplicate Mark Zuckerberg's business success are relatively low. What we can do, however, is learn from this success. And particularly, learn from the Facebook IPO.
Yesterday I posted a sublime, cheeky photo on Facebook. The reaction from my friends was swift: everyone loved it! So you can imagine my surprise when I logged onto Facebook this morning and found the picture had been removed due to its violating community standards.