Slashdot Mirror
Facebook Could Spawn Thousands of Milionaires
Hugh Pickens writes "Retuers reports that the world's No. 1 online social network is preparing for a blockbuster initial public offering that could create thousands of millionaires as Facebook employees past and present begin hatching plans on how to spend their anticipated new wealth. 'There's been discussions of sort of bucket list ideas that people are putting together of things they always wanted to do and now we'll be able to do it,' says one former employee who expects his shares to be worth $50 million and is planning to book a trip to space with Virgin Galactic that would cost $200,000 or more. 'It's been a childhood dream.' Another group of Facebook workers has begun laying the groundwork for its own jungle expedition to excavate a relatively untouched site of Mayan ruins in Mexico that sounds like Raiders of the Lost Ark. But for many of Facebook's staffers, the IPO will provide the means to pay off school loans and buy a house or new car and many homeowners and real-estate agents are eagerly anticipating a surge of new buyers that could push prime real estate to new heights. 'If a Facebook guy buys a house and wants to remodel it, maybe the contractor will buy another car,' says Buff Giurlani. 'Maybe the realtor will put a car in. There's a trickle-down effect.'"
This is exactly what everyone needs, a bunch of people believing they are going to be rich soon.
Contrary to the popular belief, there indeed is no God.
As opposed to the spending that would have been done had the money not been looted from the workers to begin with. If we're serious about getting out of the recession, perhaps we ought to do something radical like beef up worker protections and protections for small businesses.
As for FB, my bet is still that it goes the way of MySpace before too long.
... will sell their stocks ASAP. Social networking is the next bubble and those who hold on to their stock as speculators will end up taking a bath. I would recommend the first ones who get their stock sell it within a month or less and then figure out what they want to do for a real job once the bubble bursts.
Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
Instead, IF this were to even happen, and I thought trickle down economics died when Reagan's body finally followed his brain, then what would REALLY happen is that the 1% become 0.9%.
Average income, ever heard of it? Well, average income is the total of all income divivded by the number of people with an income. The more people have a high income, the more people need to make a low income to compensate.
If you got 10 people and they average an income of 1000 then the total is 10.000. But if one of them makes 10.000, then the average is still a 1000 as long as the others make zero.
Now, do a fun lookup. Research the average wage in the US and look up how much say a Bill Gates make. Then realize how many people are begging on the street so Bill Gate can be so rich.
That is how the whole 1% vs 99% works. And more people becoming millionaires doesn't do anything but make far more people poor.
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
No, the way the economy works is you can't afford a house, so a bank put you in debt and gave the money to a developer. So when you want to remodel, you take out an additional loan or renegotiate your current loan and pay cash to a contractor who is maxxed out on his credit cards. He takes your money and gives it back to the bank to pay down his debt, and so the slavery continues. And here you were thinking you were going to break out of your servitude by remodeling because you were fooled by greed into thinking that house prices will go up forever and there will be eternal demand for homes - especially taking into account the inverted population pyramid.
Seven puppies were harmed during the making of this post.
No, you're a victim of wanting to own a house in a horendously expensive area.
There are plenty of depressed areas. Detroit is the one people hear about the most, but there are LOTS of others. Because there are few or no jobs available in the area (after a plant closing, or whatnot) homes are very nearly given away. I think everyone can muster $1,000 for a place to live, and a little bit more for maintenance. No slavery needed. If you're already set for retirement, the problem of no jobs is a non-issue, and the savings is huge.
That's not the only choice, either. Here in CA, moving to Arizona or Colorado after retirement is pretty common.
And if you insist on living in an expensive area, you still have options. Moving out a bit further from the city centers always helps. Living high-density, ala condos or long-term apartment rental might end up cheaper. There's even the option of mobile homes.
So, you're not a slave of needing a place to live. You're a slave of your desire to live in a certain style and location.
Slashdot gets worse every day... Pipedot: News for nerds, without the corporate slant
They've reached saturation
Precisely why investors should steer clear...
The users of FB are the _product_ and not customers. The customers are the advertisers.
Now I think it is unlikely that the number of users is going to increase significantly. Certainly not by say 100%.
So is the amount of advertising revenue going to increase by 100% - I doubt it.
I suggest you apply the term toxic to this beast - you will lose, its well over valued.