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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