Tuesday, May 22, 2012

Facebook IPO Disaster


Last Week, Facebook released their IPO, one of the highest in history. It was supposed to be a great day, where everyone was supposed to be locking hands, going forward, right into a brand new day for the Social Media giant and perhaps have a new golden age for Facebook.

The rise is often followed by the beginnings of a huge fall. Many people who are not fond of Facebook have more than a few smiles on their face. As it turned out, the social media empire known as Facebook was as it was just too big to be just a niche but too small to be something that was far more legit. A corporation worth of stock to be traded and something to be beyond what it is. 

Some might say that everyone involved could have handled this Facebook thing better. Others might say that it was a fool's decision, based off of golden greed whether Facebook would have gone right on the stock market. To put more money into the pockets of those right at the top, the actual users be damned, with many claims of gross violations of privacy.

The greed and deceit of Mark Zuckerberg and the rest of Facebook, have been documented by many. They have gotten a taste of success. Facebook kept growing and growing, and like many who have tasted success, they have lot sight of what brought Facebook right to the dance. Many changes have been made. Changes would always be meant by outrage, that is the name of the game.

Many have stated that anyone who does business with Facebook, investing into the company or continuing to post on the social networking website are setting themselves up for a huge fall. The stock after a brief surge last week, appears to be spiraling right on the downward slide.

Whether this is the wrong environment to start, whether those in Facebook were getting too ambitious for their own good, or if this was just something that was not thought out as well, the point is irrelevant. Facebook going public, the entire initial public offering, will be seen in the long run as one of the crowning corporate embarrassments.

In the end, it is obvious some of the luster was getting knocked off of Facebook right before their attempts to go public. It was a last ditch attempt to salvage something that have peaked. What did Facebook have to offer when going public, that they could not offer then when they were just a social media network? Absolutely nothing but overpriced stocks that are on the way down.

Greed purely drove the public offering and everyone involved will pay. Sometimes what seems like a golden opportunity, but in the end, all golden opportunities can be derailed by some trying to be too big for themselves.

That is what Facebook did in the end.

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