17 May 2012

USA / SOCIAL MEDIA : Millions Just Plain Unfriendly About Facebook; Market Friends It With $16 Billion IPO.

http://www.dailymail.co.uk/news/article-2145581/Meet-Facebook-resisters-say-lives-fulfilled-WITHOUT-social-network.html


     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
     Facebook seems like the only good news on Wall Street...because 900 million members...
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.