Facebook is planning its much-publicised IPO for late 2012, so employees can concentrate on product developments for now. All the talk of an expected massive IPO has the employees clamouring for their slice of the pie, people close to the company told the Financial Times, and chief exec Mark Zuckerberg wants them beavering away …
$93 for every single active user of facebook.
Eugh. Another company with a dubious customer care reputation prepares to shackle itself to the whims of greedy shareholder speculators who only care about quarter-on-quarter growth at all costs.
It can only be worth $70billion as long as it has users, and shareholders will happily screw users for "growth" so that they then can cash out themselves.
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