A Canadian Artist's Take On The Facebook IPO
How High Will Zuckerberg's Star Rise? I have a history of predicting cultural and technological trends correctly. So after being bombarded with the culture of Facebook for years, I'd like to offer some thoughts on their initial public offering. I know little about investing, so please think of this article as more of a blind rant than an investment recommendation. Zuckerberg built an amazing tool, and he turned that tool into a huge company. They did 3.7 billion dollars in revenue last year, not too shabby. As they go public, the fairy tale version of their story would go something like: public money allows facebook to unleash a plethora of amazing new technology offerings, stock prices rise steeply for years. A story something like Google's, who came out of the recession smelling like roses, and have seen their stock rise from an $87 IPO in 2004 to a current price of $600 per share. But Google grew out of a time when it was easier to remain a global ...