February 2, 2012

Facebook Sells Out

I was hoping that Facebook would remain privately-held. Although it appears that Zuckerberg will still retain control of the company, I think shareholders are, generally, ignorant morons who know nothing. I like seeing companies do innovative, cool things rather than following. Public companies aren't inherently boring, as Apple has proven, but Google's been pretty boring the last few years and Google+ still seems confused to me.

I can't help but think that a lot of people were excited about the IPO announcement simply because they wanted to know Facebook's market cap, much in the same way that people want to know how much money this-or-that athlete will sign for. Now the secret's out and its basically what everyone had predicted, between $80 and $100 billion. Yawn.