2 ms·
Serious comment: I'd say $10b is redonkulous because that is a buy-out price, and I highly doubt anyone will buy them at that. Their plan seems to go public a
by ahoyhere 17y ago
Serious comment:
I'd say $10b is redonkulous because that is a buy-out price, and I highly doubt anyone will buy them at that.
Their plan seems to go public and let everyone buy into them, instead. But I really don't think Facebook going public could in any way be good for the users, with fiduciary responsibility and all.
While Facebook may or may not be "on the outs," the fact is that if people begin to really suspect Facebook is doing something heinous with their data, they will leave.
And that is pretty much the inevitable result, because what kind of company (which pretends to be so large) will be able to convince all its shareholders that doing heinous things with the data - to make money now for this quarter - is a terrible idea?
Right now, a user on Facebook represents no value to them, unless they buy digital goods.