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Facebook CEO Mark Zuckerberg  (Source: thedailywh.at)
Facebook hopes to be valued at $100 billion

While many details are still up in the air, it has been revealed that social networking giant Facebook is anticipating a 2012 initial public offering.

Facebook, which has achieved 800 million users in its mere seven years of existence, is considering raising $10 billion in hopes of the company being valued at $100 billion, according to Reuters

Sources close to the talks told The Wall Street Journal that Facebook has drafted an internal prospectus and that a S-1 filing could come before the end of 2011.

Also, Facebook's Chief Financial Officer David Ebersman has discussed the IPO with Silicon Valley bankers. However, Facebook CEO Mark Zuckerberg has not decided on any bankers to manage the IPO. Zuckerberg also hasn't made any final decisions on terms.

Many previously thought Facebook would go public in 2011, but a shaky economy and a battle with the U.S. government over privacy-related issues has pushed the IPO until 2012.

The IPO looks to be a good move for Facebook, as it would allow the social beast to make more acquisitions, work on new projects, and attract more engineers.

In the first six months of 2011, Facebook reported $1.6 billion in company revenue. With a potential company value of $100 billion, Facebook would double the valuation of Hewlett-Packard.

Sources: Reuters, Washington Post



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RE: Occupy THAT!!
By Rott3nHIppi3 on 11/30/2011 4:16:01 PM , Rating: 2
LOL! And you think committing crimes on private parks and buildings is going to address it? The Tea Party and the Occupiers have one thing in common: They both want change to how the government functions. The difference is, the Tea Party wants less of it whilst the Occupiers want more. Take more of it away, there's less of it to be bought off! Add to it... and well I think you can clearly see where this is going.

I see lots of things wrong... and it usually stems from bad gov't decisions and piss poor regulations. Gov't isn't in the business of making money... and they clearly seem to fail when they try. Wall Street, on the other hand, is... and legally (that's why its called loopholes, btw). Here's a little history lesson in case history escapes you: When the DOW falls, everyone loses! You think Government can manage securities and funds better than wall street to prevent that from happening? You mention crimes by Wall Street... I'm not aware of anyone being handed jail sentences (Bernie M a different story). But you must be thinking of something more on the humane side, which obviously goes without any real punishment other than a guilty conscience on their part.

So let me be CLEAR when I say.. the Occupy movement is about the dumbest thing I've ever seen. You can't possibly believe your mission is clear when you've trademarked the "occupy" name to make profit, using media sources backed by "Big Investment Firms" on iPads and iPhones. You want to support small business and take down big business... forgetting that it was big business that approved the loan for the small business to start. DUH!

"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." ~Winston Churchill


RE: Occupy THAT!!
By MrBlastman on 12/1/2011 10:17:11 AM , Rating: 2
quote:
Wall Street, on the other hand, is... and legally (that's why its called loopholes, btw).


Hmm, yeah, so selling a product to your customers (so they can go long on it) while you simultaneously short the position you're selling to them is ethical? Really? You think so? Goldman did it and not a single one of them ended up in Jail. They should have.

That's just one of MANY examples I could list about how corrupt things are. Yet, not a single one of them has gone to jail other than the Indian guy that was inside trading (he should--he should rot in jail), Madoff and a few others.

The number of people dancing around scott free is absurd. Then you have our Congress, who can get away with nearly murder when it comes to violating laws and pat themselves on the back and all they get at worst is a censure.

The system is broken man. Occupy isn't the best example--heck, they can't even get what they are for straight, but it is a start. At best I hope it shows people that things aren't as nice as they appear to be.


RE: Occupy THAT!!
By Rott3nHIppi3 on 12/1/2011 3:19:52 PM , Rating: 2
quote:
so selling a product to your customers (so they can go long on it) while you simultaneously short the position you're selling to them is ethical? Really? You think so?

Is it ethical for a group of vigilantes to "occupy" an LA park and commit crimes such as sexual assualt, rape, larceny, and a slew of others plus leave behind 30 tons of trash? I think it hypocritical to classify one group of people as thieves and crooks and not have that same sentiment on the Occupy movement.

Regarding the whole jail thing... most employees of these big firms were merely doing their jobs. Wall Street isn't just CEOs; its people earning a living. If I'm being asked to show sympathy on a bunch of migrants asking for handouts, maybe you can show a little sympathy for the actual working man (Up at the crack of dawn, 70 hr work weeks, stress, little to no family time, pressure to perform). But maybe I'm wrong or got it all backwards. Perhaps it really is the guy who left his mother's basement to bang away on a drum at 2am that deserves to be heard; the real hero; the real American dream!!

My original post wasn't necessarily to expose the Occupiers for what they are (cause that's really easy to do), but more or less point out their hypocrisy using the tools that ONLY CAPITALISM can provide. Applying for Trademarks (directly related to capitalizing off the movement), Twitter, Facebook, Apple products, etc. It's like they're embracing capitalism to prove it sucks and has "altered their lives for the worst!" So when a billion dollar company [Facebook] goes IPO to go after billions more... is Facebook being a bit greedy? What will our logins be subjected to as a result? More Ads perhaps? Who knows? But you can bet your ass the Investors do.. right? Should 'ol ZUCK be thrown in Jail as a result? And when this happens.. and it will... will the "occupiers" deactivate their accounts to stick it to the man?
quote:
The system is broken man. Occupy isn't the best example
The best thing you've said so far; I agree!


RE: Occupy THAT!!
By MrBlastman on 12/1/2011 3:46:25 PM , Rating: 2
quote:
Regarding the whole jail thing... most employees of these big firms were merely doing their jobs. Wall Street isn't just CEOs; its people earning a living.


Re-read what I said before you wrote this. I don't think you comprehended the example I gave at all... not one bit. I actually don't expect many people to comprehend it but it is an extremely egregious example of atrocities performed in these institutions.

You also probably don't know how the system works on Wall Street. The "employees" you point to are licensed individuals, regulated by the SEC. They are individually responsible for obeying laws and ethics. If they break them--their companies don't take the fall, they do. It is different... much different than standard Corporate America.

The thing is though, they broke the laws, they did unethical things--and the SEC looked the other way along with our President and at best slaps the firm on the hand with a small fine as long as they promise they won't do it again... while people that entrusted their money to these firms lost it all.

How's that right? How is that different from giving it to some schmoe on the street who says: "Psst, hey buddy! Gimme yer cash and I'll double it in a month, I promise," And then he proceeds to walk off with it pocketing part of it and tossing the rest in a trash bin.

Of course, if you're not in the industry or haven't been around it, it is very hard to understand just what goes on in it. I can tell you for sure it isn't pretty at all.


RE: Occupy THAT!!
By Rott3nHIppi3 on 12/1/2011 9:31:15 PM , Rating: 2
quote:
Re-read what I said before you wrote this. I don't think you comprehended the example I gave at all... not one bit. I actually don't expect many people to comprehend it but it is an extremely egregious example of atrocities performed in these institutions.

I read it and ignored it. See, my post is about "occupiers" and Facebook going IPO.... and somehow you're twisting this into the Mortgage crisis of 2008. Goldman Sach employs over 31000 employees, but you go and convince yourself they're ALL GUILTY! I'm OK with that if it makes you happy.
quote:
The thing is though, they broke the laws, they did unethical things

I believe I mentioned that loopholes aren't necessarily illegal. You're equating unethical (but still legal) as law punishable by death. Eating my cat is unethical, but last I checked, there's no law prohibiting me from doing so (except in CA, go figure). Why do I deserve to go to jail? Cause you got offended?
quote:
How is that different from giving it to some schmoe on the street who says: "Psst, hey buddy! Gimme yer cash and I'll double it in a month, I promise,"

Smart investors wouldn't take that risk. Kinda like smart home buyers wouldn't dare buy a big home on an ARM. If Pet Rock has taught us anything is that there will always be fools to prey on!
quote:
Of course, if you're not in the industry or haven't been around it, it is very hard to understand just what goes on in it. I can tell you for sure it isn't pretty at all.

I work for a Fortune 500 company.


RE: Occupy THAT!!
By MrBlastman on 12/2/2011 12:00:42 AM , Rating: 2
quote:
I work for a Fortune 500 company.


Unless you work for a Wall St. Firm--i.e. Wirehouse or Bank, I doubt you'll understand what I'm talking about. Fortune 500 firms are WAYYYYYYYY different. There's no comparison between unregulated businesses and a highly regulated industry. Then you get into culture. It is so radically different.

quote:
I believe I mentioned that loopholes aren't necessarily illegal


Are you kidding me?!

So hold on a minute. If you were to go up to someone and say--hey, invest your cash in this investment and it'll grow and make money... and then simultaneously WITHOUT their knowledge, in your own personal account, sell that investment SHORT (i.e. bet completely opposite the client with material knowledge knowing the investment is bad in the first place)--you mean to tell me you think that isn't breaking a LAW?

I got news for you, it is. You've just broken some serious laws right there. Huge laws. We're talking prison terms here.

The thing is--these big houses, i.e. Goldman, are walking away scott free minus a minor fine.

THIS... THIS is the problem. I'm not making this up, learn the laws, learn the regulations, you'll then see what I'm talking about. What Goldman did and other firms did is far from trivial. It is far from manipulating a loophole. It is, however, utilizing bought and paid for congressional members to help you skirt by. This is precisely what these firms do.

If you still don't think it is illegal, you're delusional.

If the underwriting department approves the packaging of the product and then at the direction of senior directors goes short while simultaneously getting clients to go long, the directors and the individual brokers are materially responsible and accountable for this violation of securities laws. The whole firm might not be, but many individuals within it--are.

This is just ONE of MANY examples I could give.


RE: Occupy THAT!!
By Rott3nHIppi3 on 12/2/2011 7:57:22 AM , Rating: 2
I see you're still taking your rage out on 2008. What I'm asking you though is whether or not you believe Occupiers in 2011 (almost 2012) should be taking advantage of the technology they're telling everyone else to give up (ATMs, Accounts with big banks, etc...)? And should they support social networks like "Facebook" when facebook's only real intent is making MORE money at your expense? Without logins and activity, Facebook is just as susceptible as MySpace. I've read the Occupiers Rules to take down Wall Street. Their laughable... so much so, they're not even following them.

Now you can either stick with subject or go on about GS. While your at it, I think you ought to throw Fannie/Freddie in your arguments too. I mean, that is Barny's pet project that also walked out unscathed and was virtually protected simply based on his own lies. And you know what... he got re-elected again, despite all that. Sometimes, the general public deserve what they get.


RE: Occupy THAT!!
By MrBlastman on 12/2/2011 10:10:37 AM , Rating: 2
I honestly don't care what the Occupiers use or do. In fact, I don't follow them at all, either. I'm glad they're there, doing something but to any more than that I'm not paying any attention... at least, until they become better organized.

Barney is gone after this term, finally. We're rid of him. He's the buffoon that stonewalled Bush when he wanted to audit/crack down on them.


"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken

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