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Facebook is now home to one billion digital denizens. This quote by founder Mark Zuckerberg really captures the spirit of Facebook’s mission, “We live at a moment when the majority of people in the world have access to the internet or mobile phones — the raw tools necessary to start sharing what they’re thinking, feeling and doing with whomever they want..” Think about it. 
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Just weeks after Facebook's less-than-epic IPO, naysayers of the world's largest social network have been piling on with stories about its inevitable demise. One such story even went so far as labeling Facebook boring(!). Yet, there are compelling arguments in favor of Facebook's dominance and long-range success.
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How much are you worth to Facebook on its IPO? Why did one of its co-founders "defriend" the US? Are you annoying on Twitter? Turn your iPad into an Etch-a-Sketch, Mitt gets mashed up and disco diva Donna Summer departs this world for that great big glitter ball in the sky. This is what people are talking about online this week. Catch up on these stories and more.
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There's lots of talk this week about how much Facebook is worth, but how much are you worth to Facebook? Answers 7 simple questions and find out how much you're worth to the world's largest social network.
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The rich get richer, huh? Facebook co-founder Eduardo Saverin has renounced his US citizenship before the Facebook IPO as a move to limit his tax liabilities. He has become a citizen of Singapore.
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Internet stock offerings have often generated interest, but some have failed badly...remember Pets.com? Webvan? TheGlobe.com? On the other hand, there's Google, Amazon and eBay.
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Investors remain disappointed this week, despite second-quarter results meeting Wall Street expectations, with revenue one-third higher than last year. Many analysts hold positive long-term views about the company, and its stock, expecting things to turn around when newer advertising models kick in.
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Bloomberg Businessweek has declared Facebook's I.P.O. “the biggest flop of the decade” after five days of trading. Could it be thatthe Internet economy isn’t as revolutionary as we had hoped?
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This is awesome. What are you doing today, Zuck? Oh, nothing much, just listing a company on NASDAQ that's all. Going public etc. No biggie but thought I'd share. Screenshots for posterity...
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Facebook co-founder Eduardo Saverin renounced his American citizenship in what seemed to be a transparent ploy to escape a hefty bill from the IRS in the wake of Facebook’s upcoming IPO. But the truth is a little more complex than that. Saverin, born in Brazil, came to America in 1992 and was educated at Harvard. He now lives in Singapore, and claims U.S. laws make it too difficult for its citizens to invest in other countries.
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David Choe will become very rich when Facebook goes public. According to The New York Times, Choe was paid in stock options in the realm of, reportedly, 3.77 million shares. On Wednesday night, the social network announced that it will seek an initial public offering (IPO) at an estimated $53 a share. You can do the math on Choe’s net worth.
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You've heard the rumors that this was going to happen and today it did. What Facebook would have to reveal in the process - is it profitable. With $1 billion in profits in 2011, the answer to that question is hell yeah!
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