Facebook could file a $100B IPO next Wednesday

[NeverEndingMe]

I blame Bush

 

[OzoneRed]

Considering that SOPA/PIPA/OPEN/ACTA could shut Facebook down, I don't think I'll be investing.

 

[warrior queen]

For those of us not from your part of the world - what does that mean?
I googled it, but got nothing I could understand.

 

[NeverEndingMe]

For those of us not from your part of the world - what does that mean?
I googled it, but got nothing I could understand.

Facebook is getting ready to cash in and become a publicly traded company. if only their stock ticker would be FACE

I'm not sure how many shares Facebook is offering

 

[OzoneRed]

For those of us not from your part of the world - what does that mean?
I googled it, but got nothing I could understand.

Not sure if you're referring to the OP, or my reply to it, but ...

IPO stands for Initial Public Offerring. Facebook is currently privately owned. An IPO means that the owner(s) will offer stock in the company to the general public, and the stock will be traded on one of the public stock exchanges. Thus, anyone who wants to can buy stock in Facebook, and the current owners will suddenly have HUGE bank accounts. It's a common way for entrepeneurs to cash in on their success, and there's nothing at all sleazy about it.

SOPA, PIPA, and OPEN are bills currently pending in the US Congress; ACTA is an "executive agreement" between Obama and China. Their supposed purpose is to protect copyrighted material on the internet (in the case of OPEN, to protect kids from porn). But they are so badly written that virtually anyone could force virtually any site to be shut down, or to be blocked in the USA - including Facebook and Literotica. There are several threads about SOPA, PIPA, OPEN, and ACTA on the General Board, if you want more detail. As always, take anything you read on the GB with several grains of salt.

To me, this makes Facebook, or any other web-based company, a rather risky investment right now. On the other hand, if I owned a company like Facebook, now would be a good time to cash in on it.

 

[Saint Peter]

And you thought we were mining your information before!

 

[ChinaBandit]

Not sure if you're referring to the OP, or my reply to it, but ...

IPO stands for Initial Public Offerring. Facebook is currently privately owned. An IPO means that the owner(s) will offer stock in the company to the general public, and the stock will be traded on one of the public stock exchanges. Thus, anyone who wants to can buy stock in Facebook, and the current owners will suddenly have HUGE bank accounts. It's a common way for entrepeneurs to cash in on their success, and there's nothing at all sleazy about it.

SOPA, PIPA, and OPEN are bills currently pending in the US Congress; ACTA is an "executive agreement" between Obama and China. Their supposed purpose is to protect copyrighted material on the internet (in the case of OPEN, to protect kids from porn). But they are so badly written that virtually anyone could force virtually any site to be shut down, or to be blocked in the USA - including Facebook and Literotica. There are several threads about SOPA, PIPA, OPEN, and ACTA on the General Board, if you want more detail. As always, take anything you read on the GB with several grains of salt.

To me, this makes Facebook, or any other web-based company, a rather risky investment right now. On the other hand, if I owned a company like Facebook, now would be a good time to cash in on it.

It's also a common practice for rewarding employees of the concern issuing the IPO.

There will be heaps of instant millionaires as provided the opportunity to reserve stock options.

The issuing company can control how many shares they make public.

 

[Johnny_Ray_Wilson]

I do not do Facebook. Never did. Never knowingly will. I have always been wary of it.

If that social network is enticing you with free posting, then guess who the product is?

It is really strange to hear people still talking as though FB is the greatest thing. Like it is a necessity.

 

[Johnny_Ray_Wilson]

And you thought we were mining your information before!

Lit has its' own FaceBook page. You think it could effect the members here that do not use FB?