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Facebook Goes Public

The world’s largest social network readies its IPO. Do you want in?

The social networking site Facebook says it plans to go public later this month. (AP)

The social networking site Facebook says it plans to go public later this month. (AP)

Social networking giant Facebook is on the home stretch of its IPO this week. It’s initial public offering. Readying to sell shares to the general public. And to do it at the highest debut corporate valuation in the U.S. ever — nearly $100 billion, if all goes according to Facebook’s wildest dreams.

27-year-old founder and CEO Mark Zuckerberg and his team are hitting the road, talking up a golden future. In 2004, he was a college kid with a big idea. So, is Facebook work more the McDonalds? Amazon? Hewlett-Packard?

This hour, On Point: Facebook goes for the gold.

-Tom Ashbrook

Guests

Shayndi Raice, technology reporter for the Wall Street Journal.

David Kirkpatrick, founder of the Techonomy Conference and author of The Facebook Effect: The Inside Story of the Company that is Connecting the World.

Richard Waters, West Coast editor for the Financial Times.

C-Segment: Joanna Weiss On Facebook

Joanna Weiss, op-ed columnist for the Boston Globe. Her piece on the social networking site’s IPO is here.

From Tom’s Reading List

CNN “Mark Zuckerberg is Time’s Man of the Year, the movie about him seems likely to be an Oscar winner, and now Goldman Sachs is raising $1.5 billion from its favorite investors on behalf of the social networking company.”

The Washington Post “Facebook Inc.’s $11.8 billion initial public offering will cement the status of 27-year-old Mark Zuckerberg as one of the world’s richest men and put his social network among the highest-valued companies in the U.S.”

You can find investing information from Facebook here.

Please follow our community rules when engaging in comment discussion on this site.
  • Wm. James from Missouri

    No. Facebook is trivial technology, to me and not worth the long term financial risk.

    Addendum:

    Mr. Ashbrook and readers,

    Just wanted to let your listeners know of some very interesting news stories that have occurred in the last couple of weeks or so. I have been too busy to post these comments on other shows that may have been more relevant to these topics.

    One : Researchers at the University of Paris have fed fullerene (“buckyballs”) , C60 molecules to rats. They were able to produce a doubling of lifespan for these mammals. This form of C60, apparently can cross the “blood brain barrier”. This discovery could be huge, as it may extend life span for humans and allow new techniques for treating diseases of the brain. Who knows, maybe they have found a tool to allow us to improve our brains performance !

    Two: Stanford researchers have found a single drug ; CD47 ; that can shrink or cure human breast, ovary, colon, bladder, brain, liver, and prostate tumors that have been transplanted into mice. I don’t know about you, but when I see an article that links several events together, I tend to pay more attention !

    Three : The T.27, an all-electric car , won the Future Car Challenge sponsored by the Royal Automobile Club (RAC). It was estimated to get the equivalent of 350 miles to the gallon !

    Four : Seagate promises 60 terabyte 3.5-inch hard drives within 10 years. That is equivalent to 60 million photographs ( 60,000,000 photos ), if compressed to a 1 MB JPEG each.

    That is, 60,000 billions of bytes. They have really put some teeth into those bytes : )

    Five : There is a fascinating story of a man named , “Jason Padgett”, at :

    http://abcnews.go.com/blogs/health/2012/04/27/real-beautiful-mind-accidental-genius-draws-complex-math-formulas-photos/

    . This man was mugged by robbers some time ago, which resulted in a concussion. Shortly thereafter he began seeing mathematical equations everywhere and is now able to draw mathematical relations with the artistry of a genius ! This is direct evidence that all of our human brains are capable of so much more. And that IS possible to “reconfigure” the human brain to achieve amazing enhancement in mental performance.

    Six : Researchers at Rice University and Penn State University have discovered that adding boron to carbon while creating nanotubes turns them into solid, spongy, reusable blocks that have the ability to absorb oil spilled in water. The material can hold more than 100 times its weight in oil. Might this be a great help for oil spills ?

    Seven : Researchers attached N-acetyl-L-cysteine (NAC), to synthetic molecules called dendrimers. This allowed the NAC to cross the blood-brain barrier of brain damaged rabbits which allowed them to hop again. Is this a potential treatment for Cerebral Palsy ? Can other “Brain Positive” chemicals be attached to dendrimers to “feed” or modify the brains performance ?

    Eight : MIT researchers have made glass that’s anti-fogging, self-cleaning, and free of glare. The glass eliminates reflections and glare, water droplets bounce right off. This could be a breakthrough for solar photovoltaic panels and for passive solar systems !

    Nine: This is a call out to any of your listeners that might be using Ashwaghanda as a health supplement. I would love to hear any feedback.: This is a call out to any of your listeners that might be using Ashwaghanda as a health supplement. I would love to hear any feedback.

     

    This article says that the herb ,Ashwaghanda, resulted in reversal of accumulation of beta-amyloid peptides in the brains of middle-aged and old mice.

    View at :

    http://www.worldhealth.net/forum/thread/98809/harnessing-the-power-of-ashwaghanda-for/?page=1#post-98809

    . If this is true I hope that any users of Ashwaghanda will let your physicians know that you are using this supplement. If a statistical relationship can be made between Ashwaghanda use and the lessening of the rate or effects of the scourge of Alzheimer’sdisease, we could eliminate a lot of suffering. Please !

    • Cordingley

      Another event reported last week was “Black Hole Devours Star”, from various sources, but I read it online at the Washington Post.  A quiescent black hole, just sitting there, minding its own business when a star about the size of our Sun innocently wandered into its path, resulting in a”death scream” lasting for months and still ongoing, an event so rare, it will not be observed again for a million years…now that is awesome, in all senses of the word.

      • Wm. James from Missouri

        I agree !

    • Terry Tree Tree

      Thank you for this news, that I had missed!
          The 350 mpg Electric Vehicle, and the glass, are especially interesting, to me.

      • Wavre

        350 mpg? Gallon of what?!?

        • Wm. James from Missouri

          The equivalent of 350 miles to one gallon of gasoline. This is what the article said.

    • Wm. James from Missouri

      Call out to: Mr. Jason Padgett, ( and friends or family )

      Please contact NPR to speak about what has happened to you. If they are not interested, please write a detailed book about your experience and your talents. This is very, very interesting to me.
      Thank you so much.

  • http://www.richardsnotes.org Richard

    “Do you want in?”

    No.

  • SamIam

    no.

  • SamIam

    The comment that Jason Lanier made right on this show, maybe a year or so ago, solidified the notion that Facebook isn’t playing out in the open.

    I would bet that close to 80% – 90% of it’s users are thinking that Facebook is there to connect them to friends.

    It’s not.
    It is a company that is in the business of making money off of advertizing and the information that all it’s users willingly provide.

    That’s why it is a NO for me.
    Thank you

  • TFRX

    Is Facebook’s investing information any more reliable and transparent than their privacy policy (as of 9:33am today)?

  • Chris B

    I hate the damned thing.  I signed up, because you pretty much have to these days to access some pages/information.  Actually, It seems like almost middle aged people say that they signed on, “to keep up with the kids.

    I look at about once a month.  Never post anything, never “like” anything, have the privacy settings at the point where it’s as invisible as it’s allowed to be.  Woe unto those poor fools who’ve posted every detail of their lives on it – it will probably haunt them till the end of their days.

  • MadMarkTheCodeWarrior

    Does anyone else think that the Facebook interface sucks?

    I’ve built a number of tools on my own to perform very labor intensive, complex and otherwise grueling tasks. My goal has always been to make them intuitive, easy, fast and efficient to use; so, I’m a real stickler about user interfaces and for what it does, their UI appears to be a chaotic construct with little thought put into a simple intuitive taxonomy that would make it easier and more enjoyable for users. It’s not like I’m not willing to RTFM but for all of the resources that Mark Z has at his disposal, I would give it a D+… maybe.

    • jefe68

      It’s designed to suck. Users have little or no control over their pages. Witness the recent forced migration of time-line, you had to switch. I don’t use FB a lot.
      I go there a few days a week as it’s way to keep up with some people I’m interested in, but on the design side, it’s pretty awful and deceptive.

    • Drew (GA)

      AOL comes to mind for some reason…

  • Lin

    As an long-time marketer, let me tell you that the ad side of FB WORKS for clients. For short money, you can directly target client products and services to the exact niche. When you go deep into FB on the biz and sharing side, it’s a very incredible machine. It actually provides a valuable service, esp to small business, IMO.

    That said, personally, no to the IPO. I understand FB deeper than most, but still not interested. Besides, all the big money will already be gone to the insiders.

    • Josh

      Like the SEC allowing Goldman Sach’s illegal pre IPO.

      • Charles A. Bowsher

         Oh, I don”t think it was illegal since they kept the number of “investors” below 100. They exploited a loophole, which is par for their course.

  • MadMarkTheCodeWarrior

    At this valuation, don’t they have to take over some ridiculous percentage of all  advertizing on the internet?

    Is this a tech micro-bubble of it’s own?

    I’m tempted to bet against this pony.

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    Facebook has shifted from a way for college students to network to just another mechanism to make money. I expect it to go the way of Yahoo in a few years – still big, but no longer particularly popular.

  • Josh

    Facebooks grossed about 4 billion this past year with almost a billion users. China uses their own version of Facebook and the rest of the world is too poor to have access. 

    I don’t see how they get to 75 billion worth.

  • http://gregorycamp.wordpress.com/ Greg Camp

    Companies used to make things or provide actual services.  What does Facebook do?  Other than open people up to advertising, that is.

    • Josh

      Waste their time so they don’t revolt against the criminal rich who are robbing them of everything.

    • Kevin

       I understand what you’re saying, but don’t forget that Facebook and Twitter provide an invaluable resource in parts of the world that don’t allow freedom of speech, press, assembly, etc. Remember what those services meant/mean to those who rose up against dictators in Egypt, Tunisia, Syria, etc.

      Again–I realize that’s not a solid business argument on my end…but it’s worth remembering when assessing the overall value of social networking sites.

      • Josh

        Totalitarian governments in the middle east are using Facebook and Twitter to track down and arrest and torture freedom fighters.
        The U.S. government is tracking you also.

  • Jim

    I am sorry… but i am not enriching these guys. i can’t understand the euphoria. such hysterical excitement tells us what this country is all about… the pursuit for money, money and more money.

    don’t get me wrong… Zuckerberg earned it.

    but may i say this… we have not learnt our lesson from the late 90s.

    • Drew (GA)

      “Zuckerberg earned it”

      Well everyone is entitled to an opinion I suppose. Mine?

      No he didn’t.

  • Charles A. Bowsher

    Zuck was not a -”college kid with a big idea”, he was a college kid with a bigger idea and less than optimal scruples as evidenced by his treatment of the twins and his Big Brother snooping of everything we (who are facebook) do elsewhere on the web.

    I saw a headline the other day that said at that at a $100bn valuation each facebook account is worth approximately $100.  Zuck needs to realize that he is not facebook, we are facebook. I think a system-wide boycott is in order so zuck realizes he needs to share half the wealth with his users. Without us he is nothing.

    Once again I call on all listeners who are users of facebook, or know users of facebook to call on one and all to boycott facebook this week.  Our voices need to be heard.

  • Drew (GA)

    Facebook isn’t in the bubble, facebook IS the bubble (or at the very least is a prime example of why they pop). A company that’s sole resource is the personal information, activities, and habits of it’s “users”. Users? Suckers. I can’t wait to watch this one fall off the cliff, what a bunch of morons.

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    Don’t tell the investors – until Facebook has those annoying ads that block actual content and blast audio, I don’t even see them. And I’ve blocked all the game posts.

  • ToyYoda

    Why not give shares to users?  After all, it’s the users who give Facebook its value, and so in effect, the users are much like employees.

    • Drew (GA)

      An employee owned company? MADNESS! They’re coming to take you away as we speak.

  • http://gregorycamp.wordpress.com/ Greg Camp

    My identity is inside myself.  I can see Facebook as a means of announcing new products to customers, but really, what’s the value of being told what someone’s cat left on the carpet?

    • Charles A. Bowsher

       Woof!

  • Drew (GA)

    Pleeeeeeeeease say something about Data Breaches.

    • Charles A. Bowsher

       I’ve got some on now!

      • Terry Tree Tree

        Loud Plaid, or Paisley?

  • Chris B

    Is this guy an advocate for Big Brother or what? “Assets you can take anywhere”.  Spare me!

    Does anyone remember, “The  President’s Analyst”, and the cerebrum communicator?

  • Tommy P

    As a member of the first facebook generation, when your college still had to participate, it is clear that the facebook product losing its value every day.

    • Adks12020

      Agreed.  Almost everyone I know is using facebook less and less.  I sign glance at what my friends are saying/doing and sign out.  I’ve noticed that fewer and fewer people are actually posting things on facebook.  I rarely post anymore and only when I’m seeking a response from specific people on my friends list.  Since I found out about their policy regarding pictures a while back I never load any on there.  They are mine, not facebook’s.

      Facebook is getting greedier every day and people are noticing.  They are also stepping on people’s privacy too much.  I don’t think it’s going to last.  It may take a few years but it will go the way of AOL and become irrelevant.

  • http://gregorycamp.wordpress.com/ Greg Camp

    Facebook shill, advertising isn’t news.  Call your feed what it is:  commercials.

  • Ellen Dibble

    I can  crash my connectivity when Fb tries to coordinate (with Bing, they search with, I think), or, to coordinate with, I think it is, MySpace.  If you let Fb search, in a way cannibalizing other social networks, one gets in trouble.  Good luck with that, programmers of the world.

  • Ellen Dibble

    People are saying one uses one’s real name on Fb.  I think that will be less and less.  Some people are comfortable with being sort of individual broadcasters, or need that, but more often they either block incoming, block outgoing, or use a variety of pseudonyms.  They use one Fb page to “visit” with, and another to communicate.  A kind of fracturing is already in place.  One sort of spoilsport can shut down a page, so one moves, first sort of visiting, communicating at maybe a third site, until the intruder steps aside.

  • Judy

    I am surprised by the claim that Facebook is “authentic”…that is the last thing I would call it.  Facadebook might be a more accurate name.  Zuckerberg is trying to cash out before Facebook begins it’s slide.  I hear more and more grumbling about Facebook and it’s authoritarian approach to it’s interactions with the users, and it’s continual push against the users concerns for privacy.  I am tired of every site giving me the option to sign in through Facebook.  NO.  I draw a sharp line around Facebook, and what and how much information will appear.

    • Drew (GA)

      NIce! Two words for everyone Data Breach.

      If you’re a user (addict) everything you need to know about your worth can be determined by a close examination of theses two simple words.

    • Chris B

       Really!  I have abandoned so many searches, transactions, etc., because the only option was to “sign on through Facebook”.  An absolute deal breaker for me.

      • http://www.dpsinfo.com LaurieMann

        While I’m active on Facebook, I don’t connect most of my non-Facebook accounts through Facebook.  I haven’t found a single account that required Facebook – I had other options, and I use them.  Ditto Google+.  I do “trust” DISQUS for logging into multiple accounts, but that’s about it.

    • http://twitter.com/cwooley89 Charles Wooley

      Personally I LOVE the sign in with Facebook option… IT means that you don’t need to fill out any tedious registration forms!
      For most of my internet activity ease of use trumps privacy because I really don’t care if Facebook knows what articles I am reading

      Of course then theres Yahoo! social reader which automatically posts status updates for everything you try to read… I don’t even want to get started on how annoying that is

  • Chas

    On Point producers. Please consider your listeners when you book a guest. This is radio. We listen Ms. Raice’s fry made the segment unlistenable. It sounded like the New Jersey tanning mom’s face looks.

  • corb

     I am served ads for products I already own.

    • notafeminista

      Maybe you will need a new or second one.

  • Ellen Dibble

    You can tell how much commerce is involved with Facebook by the number of times per day you have to delete the cookies.  You can’t be on Fb without them, but they accumulate fast, and create a dam.  Delete them and you’re back in business.  What could all those millions of statistical searching cookies be doing?  Who knows. (I should say they create the four-letter dam too.)

  • Mike

    I am 35 yrs old and don’t have a Facebook account, and don’t ever plan on having one. I have had three friends who used to live on the Facebook pages who have recently cancelled them. The cite “waste of time” and “privacy” as their reasons. Like Mongomary Wards, Oldsmobile, and My Space, Facebook will one day fade as well.
    Mike Saratoga, Ny.

  • Ellen Dibble

    What Fb cannot do socially is create the bonding cultures have depended on in the past.  We see the vestiges of that in our need to attend concerts and parades in person, rather than watch the broadcast.  Live music bonds the listeners in a way otherwise not so possible.  Religion bonds people at emotional points of intensity because people are present together, and music and architecture and so on enhance this.  Parades ditto. 
         If you think people are sharing “causes” and product affinity of various kinds, well, some do.  There are other uses to be discovered.  But not social cohesion in the old way.

  • Lynn

    I teach college freshmen who come here from other countries. When I asked them how many hours a day they spend on social media, a Turkish student told me the first thing she does when she wakes up in the morning is check her Facebook page on her I Phone. “Why?” I ask. “We all have FOMS,” she says — “FEAR OF MISSING SOMETHING! I HAVE to know what my friends in London and Istanbul or doing, or I’m out of the picture!” 
    I think Facebook will succeed not based just because of the push to be connected, but because of the fear of being disconnected.

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    So what happens if there’s no big payoff? I can imagine people who have depended on cataloguing their lives and events in Facebook for decades only to see it go *poof* because Facebook can no longer support the massive infrastructure to maintain it.

    • incarcerate corporations

       oh poor little babies–grow up time!

      • notafeminista

        Too bad no one said that to the auto workers.

  • J__o__h__n

    Posting that one is an organ donor on Facebook is even dumber than posting that you are going on vacation.  Maybe China bans Facebook as they don’t have an organ shortage. 

    • http://gregorycamp.wordpress.com/ Greg Camp

       Interesting point–someone needs an organ or cares for someone who needs an organ.  Said person sees a likely candidate for donating an organ on Facebook.  Madness insues.

      You have a movie, J_o_h_n.

      • incarcerate corporations

         and if that is any reason why china would ban fb–then surely its a good thing.  But china most likely bans fb because its CIA backed–and protectionism.  China has its own preferred social networking sites that Chinese are happy to use–they only dip into foreign sites but dont care much about them–they dont want to use English that much and feel ‘we Chinese are different’ and when you have 2 billion Chinese people networking you dont need a few thousand Americans who criticize them and laud their superiority  (our criticism being mostly just).  And there are activist groups on Fb–i assume–as i do not use the crap–which china would prefer do not reach Chinese citizens.  But guess what–Chinese don’t care.  They are not activists.  They don’t care about democracy or civil rights–except when it effects them personally and iPod and apple and Gucci are just as good.  They are cowards theart–and peaceful people–thats why they had a thousand years of peace before europe invaded and why they fall to conquerers so easily–its easier than fighting for rights and life…and maybe they can make soem money out of it. 

        recently they wer conquered again–by ‘free’ trade imperialism. 

    • incarcerate corporations

       China does ban FB.  But what is the connection to organ doneing or theft?  Your comment is tarded.  Where do you get your information?  How do you know organs are stolen in China?  Who?  Why?  when?  In what circumstances?  How are you privy to such information? 

      Actually, China does have a shortage.  Most people in China are against organ donation–see it as a violation of the body, and most don’t want to help others or care to–but there is a small movement by a small few who encourage it.  Mostly, its within families. 

      When asked about euthanasia (a different topic), many students frown on it–some seem to think that family would end your life early for inheritance or something…

      But your fear mongering–and demonizing–is un-called for–its like your trying to trumpet up an enemy as the IIA and FBI always do for years before they instigate a war.

      DOnt talk about stuff you dont know about.  And fact heck your sources. 

      I wouldn’t put anything past rich peole whereve rthey live in the world-most are immoral assess–it takes ome immorality to get rich–thats a fact.  i am sure th e1% in America is big into organ theft–they go to Mexico and rape homeless girls–and kidnap girls and boys and kill them–removing there organs.  The American rich are doing this–and far more frequently than any Chinese rich im sure.  Chinese having superstitions and all…

      But I am skeptical that it is systematic as you imply.

      Faceboook and Google are buddy buddy with homeland security–and tracking your every move–because you are not citizins–only corporations are citizens–you are the enemy and apotential threat–especially when the food crisis emerges… nd dissenters about why the 1% have all the food and everyone is famished will be poked and prodded and terrorized or incarcerated or assassinated.  They all ready have permissoin to assanitate top activists for deocracy, freedom, equality, antiwar…Americans

  • http://www.dpsinfo.com LaurieMann

    One caller was confusing Facebook, which is one really big Website, and the entire Internet.  Facebook is only one small piece of a much bigger whole.  Sure, governments may become involved but it’s in no way a monopoly.  If anything, Google is a bigger monopoly.

  • Donna

    Facebook seems to forget that there are still many places in this country without broadband access. Yes, people still use dial-up. Until and unless there is a national push for full broadband access there will be people for whom Facebook is irrelevant.

  • http://gregorycamp.wordpress.com/ Greg Camp

    Whether I’m an organ donor or not is not your business.  Facebook needs to add a digital middle finger (fun pun, that) to its options.

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    There was a recent case where “like” was determined to not be covered as free speech for people who lost their jobs over some “likes”. How long before our employers control what we like and don’t like?

  • http://www.dpsinfo.com LaurieMann

    I think the big problem with Google+ is that it’s harder for less-technical users to understand.  I notice my more technical friends and relatives are on Google+, but the less technical people I know are on Facebook.

  • rfra20

    We’re talking about an IPO here not how many people use Facebook.  I just don’t see how this valuation makes sense and they certainly haven’t been able to demonstrate it with hard cold numbers either.  Good luck to all of you who will be taking the leap of faith LOL!

  • http://pulse.yahoo.com/_Y6CO5C2HE4WM2OYGCDVWGPRXXM oldman

    I remember when Netscape went public – it was a very big deal – and people found out although it was “public”, it was invitation only. Most people did not have the option of buying.

    • http://www.dpsinfo.com LaurieMann

      Ditto Google.  It was $111 a share near the beginning its IPO, at the cheapest point a regular stock owner could buy any.

      • http://www.richardsnotes.org Richard

        That’s not true. Google went public with what is called a “Dutch Auction” and anyone could put in a bid and get in. It went public at $70 a share.

  • Ellen Dibble

    What do we know about more or less every institution that becomes capitalist and profit-oriented?  They lose their … their mojo?  What is that.  Something that is growing itself from the roots, as Obama is saying America thrives by, is not the same as something with a profit orientation.  I think this move spells a time limit — So It Goes.

    • Terry Tree Tree

      Loses their SOUL?  Could that be what you meant?

      • notafeminista

        They aren’t human, remember?  Can’t have a soul if you aren’t human.

        • Terry Tree Tree

          Thanks for reminding me, that you can’t be a citizen, if you’re not human!

          • notafeminista

            Can’t have it both ways 3T….are they human and have a soul (and 14th amendment protection) or not?

  • http://gregorycamp.wordpress.com/ Greg Camp

    The world has changed?  I still go to work.  I still eat food and eliminate waste.  I still need drugs for my allergies–and I still breathe air, thus introducing allergins.  I still love a real person in the real world.  My cat still informs me of his every opinion, and my dog still wags her tail.  On the other hand, the many pains and struggles of the world are still here too. So what, exactly, has changed?

  • rfra20

    Joanna Weiss> Fact Check and Problem.  Facebook hasn’t  found a way to profit from it either.  Did you look at their filing?  The numbers are hardly impressive. You buying the stock? You’re essentially hoping they will figure out a way to monetize. Good luck.  This is just a way for the insiders to cash in and you (you being the suckers who buy after all the insiders sell) get to take on all the risk. Classic Wall Street Hype and Dump.

    • Guest

      I agree that the earnings aren’t impressive on a per share basis, but clearly Facebook knows how to monetize its service.  Eight years after its incorporation, Facebook has annual revenues of $3.7 billion, yearly net income of $1 billion, and equity of $4.9 billion.
      http://sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm

      • rfra20

        Well – you’re going to be buying the shares on a “per share basis”. 

        “Facebook has annual revenues of $3.7 billion, yearly net income of $1 billion, and equity of $4.9 billion.” Unless they manage to grow that dramatically they’re not worth anywhere near the offering price.  You think they can do that, buy in.  But YOU are the one taking the risk. Facebook & friends are cashing OUT.

  • carrie_h_hebert

    Poll a few senior military officials on the “benefits” of Facebook, and I predict that the numbers would be very low indeed.  My husband is an officer in the Navy and Facebook is a security nightmare for our military community.  Command-sensitive information is regularly shared by military personnel and their families, despite repeated attempts to educate on the dangers of doing so.  Personally, I was a FB addict until they started tinkering with the security settings and forcing members to “update” to the new Time Line format.  I took down my account, b/c no matter how high my own personal settings were, the relaxed settings of friends caused my information to be shared without my knowledge.  It would be interesting to compare FB’s numbers regarding people who have disabled their platforms (and thus denied FB the opportunity to share their info) against the number of registered users.  If I were considering investing, that would be my first question.

  • twenty-niner

    At best, Facebook is mental masturbation. I always prefer the old-fashioned kind. At worst, it’s a tool for cliquey snots to extend and worse, document their torment of the other kids who don’t quite fit in – giving them an indelible reminder of the parties they weren’t invited to, and the friends the don’t have.

    I have young daughters, thankfully too young to be on a social network, but I’m wrestling how to deal with this crap when they get older. The best outcome for me would be solar flare frying the Facebook data centers.

  • btraven

    I cringe every time I hear the words “friend,” “relationship,” and “conversation” used in the Facebook sense.   Have our lives really come down to this?

  • http://www.facebook.com/people/Dan-King/598017062 Dan King

    The question came up of why social network sites fade. This
    discussion arises right after I had the surprising experience of starting a
    minor storm of complaint against Facebook among my friends. I posted the whine “I
    don’t want a timeline!” Within a few hours people who I haven’t been in touch
    with in ages come out of the woodwork to join the complaint and to discuss ways
    to avoid having a format forced upon them. Facebook has dealt with instances
    before where they have annoyed their users. Generally they have had to come up
    with some kind of compromise solution that allows users to keep elements that
    they want to hold onto or to avoid elements that they don’t want. If Facebook,
    or any social network site, can’t keep customers happy, they will lose users. Musicians
    have been very loyal to MySpace, because that site stayed way ahead of Facebook
    in tools for sharing music samples.

  • Tom

    Bridge music – was that the theme to Command and Conquer after Shayndi Raice’s interview?

    • http://onpoint.wbur.org/ Eileen Imada

      Good ear!  The bridge music was “Mechanical Man” from Command and Conquer.

  • Hidan

    So how many dummies are going to start buying facebook stocks that companies such as MS,BOA,Citi,JPM,Goldman has already bought on the cheap?

    Face book (so far) haven’t open up there books nor has it proved that it’s worth as much as it’s being claimed. It’s getting more and more brazen on spying and selling it’s users information. It doesn’t even allow one to fully delete there profile or there information.

    • notafeminista

      Never heard of a 10Q report? It’s required by all publicly traded companies.

      • Wm. James from Missouri

        Yes, as is a 10 K report.

  • Steve Netsky
  • bellavida

    I was listening to a show on NPR sometime last year, and I don’t recall exactly which one it was, but there was a human resource director, yammering on about how social media such as Facebook is being used by human resources to screen potential candidates for jobs, specifically i.e, if you don’t have many “friends”, then you likely have a hard time getting along with people and are not a good networker and team player.  I couldn’t believe my ears.   When I started at my company 13 years ago, we weren’t even allowed to have a cellphone turned on in our cubicle, BECAUSE YOU ARE SUPPOSED TO BE WORKING…IMAGINE THAT!!!  Now, it is not uncommon to see new hires have their Iphones on their desk, updating the boring minutiae of their lives at all hours of the workday (trust me, nobody cares what you had for lunch) and Ipod in their ears, they don’t answer their work extensions when called.  This is the future of work in America?

ONPOINT
TODAY
Jul 23, 2014
In this Saturday, July 12, 2014, photo, migrants walk along train tracks and boxcars after getting off a train during their journey toward the US-Mexico border, in Ixtepec, southern Mexico. (AP)

Crisis at the US border. What do Latinos on this side of the border have to say? We’ll ask our special roundtable.

Jul 23, 2014
Actor Wallace Shawn attends special screening of "Turks and Caicos" hosted by Vogue and The Cinema Society at the Crosby Street Hotel on Monday, April 7, 2014 in New York.  (AP)

From “The Princess Bride” to “My Dinner with Andre “and “A Master Builder,” actor and writer Wallace Shawn joins us.

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Jul 22, 2014
Lt. Col. James Howard Williams, aka "Elephant Bill," is the hero of Vicki Constantine Croke's new book, "Elephant Company." (Courtesy Random House)

We’ll travel to the jungles of Burma for the remarkable true story of Billy Williams—aka “the elephant whisperer”—and his World War II heroism.

 
Jul 22, 2014
Smoke rises after an Israeli shelling at the Shijaiyah neighborhood in Gaza City, Monday, July 21, 2014. The top Hamas leader in the Gaza Strip signaled Monday that the Islamic militant group will not agree to an unconditional cease-fire with Israel, while Israel's defense minister pledged to keep fighting "as long as necessary," raising new doubt about the highest-level mediation mission in two weeks. (AP)

The escalated Gaza offensive. We’ll get the views from both sides and the latest developments.

On Point Blog
On Point Blog
Our Week In The Web: July 11, 2014
Friday, Jul 11, 2014

As we prepare for a week of rebroadcasts, we reflect on Facebook posts, misplaced comments and the magic of @ mentions. Internet, ASSEMBLE!

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