Mark Zuckerberg, 28...is officially a billionaire...as Facebook's IPO raised $16 billion...the biggest tech opening in history.
It sold all 421 million shares...at $38 per share...opened late...rose by 13%...then fell and closed near the opening price...$38.23...even after being helped by the big Wall Street banks.
http://edition.cnn.com/2012/05/17/tech/social-media/facebook-ipo-reactions/?hpt=ibu_t2
1 of every 8 people on the planet...have joined it.
Many now say the IPO was over-hyped...but others say...it was priced correctly.
Yet...not everyone is enthused about the website.
This newsblog's editor...encouraged to join by a distant cousin years ago...has long since abandoned the site...and forgotten the password.
It seemed like a huge time waster...learning about seemingly trivial matters.
There are millions of other holdouts...for a number of reasons...but especially over privacy concerns.
Of course...the same goes for Google Plus...another social medium wannabe.