Facebook has transformed how people interact with each other and demonstrated yet again the dominance of American ingenuity. Yet its success also dramatically illustrates problems with the U.S. economy. Six troubling features of the Facebook IPO stand out.
In more than one hundred and fifty interviews for this book -- lengthy conversations with scores of innovators and their parents, teachers, and mentors -- passion was the most frequently recurring word.
Rewarding Facebook for yet another amorphous gathering of Internet humanity that avoids ads like the plague and travels digitally out of the Facebook neighborhood like a shut-in, will not make the shareholders money.
The Facebook IPO is a watershed moment in social media. It leaves no doubt that social networks are a true cultural and financial force. Social media is here to stay. It's not a fad. And it's huge business. The big question is what's next.
Former TechCrunch senior writer Jason Kincaid is just young enough to remember those days and, in the book, he explains feature-by-feature how Facebook went from something most "grown ups" said they'd never use to something nearly 1 billion people can't live without.
Pop the corks. Light the sparklers. But please. Enough news already about Facebook's IPO. Facebook's public offering is everywhere -- on the web, on the radio, on TV. Does the public really care as much as the press seems to want it to?
By the '70s, rock had become a bloated mass with few points of entry. That paradigm was smashed by punks like the Clash, who, armed with talent, bypassed the existing machine. Visionary CEOs like Mark Zuckerberg have done the same.
After one particularly awful question, Zuckerberg broke down like a cartoon robot that simply could not compute. His eyes darted from place to place. He furrowed his brow and looked up after several moments of silence. 404 error. I had crashed Mark Zuckerberg.
This week's scheduled IPO is merely an extension of what's been happening in the past 8 years -- ordinary people from around the world investing on Facebook with their lives. It's not only Zuckerberg's Facebook -- it's our Facebook.
Investors are clamoring to get in on the Facebook IPO, and Mark Zuckerberg doesn't really need Wall Street to do it.
We may declare ourselves to be donors on our driver's licenses, or we may choose to make organ donation part of a living will -- these steps carry legal weight. Checking off the equivalent of a "like" button on a Facebook profile arguably doesn't.
Wall Street bankers said Mark Zuckerberg wasn't going to show up on Monday, the first leg of the "road show," or publicity campaign to make sure the company he founded is worth close to the estimated $100 billion he and his bankers are looking for.
Medical student Priscilla Chan inspired her famously private boyfriend, Facebook co-founder Mark Zuckerberg, to lead a public health revolution.
Facebook may be rapidly approaching a phenomenon we might call peak hype -- the moment when both usage and investor interest Facebook reach their zenith and rapidly start to decline and spiral downward.
Those valuations are dizzyingly high. They'd be justified only if the company's top line was growing exceptionally fast, if its bottom line were growing equally fast, and if the risks to the company's business model were modest and controllable. Not one of those things is true.
He ate in the corporate cafeteria rather than the executive dining room. He sent birthday presents to colleagues when they were on business trips. He wrote personal handwritten notes to hundreds of Ford employees who displayed these like badges of honor in their cubicles.