Linked by Thom Holwerda on Wed 1st Feb 2012 22:29 UTC
In the News So, this is apparently a big thing, but because of my perpetual state of total boredom with regards to social networking, I really don't have the will to turn this into a proper item. So, here you go: Facebook is doing its IPO thing. Eh. In any case, lots of new rich people. Maybe the wealth will trickle down this time.
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Comment by NuxRo
by NuxRo on Thu 2nd Feb 2012 01:32 UTC
NuxRo
Member since:
2010-09-25

I know Facebook = mass surveillance, but wtf is IPO?

Reply Score: 2

RE: Comment by NuxRo
by umccullough on Thu 2nd Feb 2012 01:51 in reply to "Comment by NuxRo"
umccullough Member since:
2006-01-26

I know Facebook = mass surveillance, but wtf is IPO?


You couldn't just google it, or look it up on wikipedia?

IPO = Initial Public Offering. It means the company is going public, and will have shares available to publicly trade on the stock market.

Reply Parent Score: 2

RE: Comment by NuxRo
by Bill Shooter of Bul on Thu 2nd Feb 2012 05:40 in reply to "Comment by NuxRo"
Bill Shooter of Bul Member since:
2006-07-14

You're my hero.

I mean, its not good to be *that* ignorant, but if you don't know what the meaning one of the two terms ( facebook vs ipo) and its ipo you don't know, well, that's a good sign for society in general.

If you go back in time 12 years or so everyone was so focused on tech ipos, that the whole industry was just focused on that as an end goal, without giving a crap about the actual product.

Reply Parent Score: 2

RE[2]: Comment by NuxRo
by modmans2ndcoming on Sat 4th Feb 2012 14:50 in reply to "RE: Comment by NuxRo"
modmans2ndcoming Member since:
2005-11-09

hey.... pets.com would have been a winner!! they had Herman Miller chairs for all employees and free catering for breakfast, lunch and dinner.

Reply Parent Score: 2

RE: Comment by NuxRo
by Neolander on Thu 2nd Feb 2012 06:31 in reply to "Comment by NuxRo"
Neolander Member since:
2010-03-08

Selling administrative power on your company to random strangers who don't work there, don't know anything about your business, and are only here to try to make more money with the money they already have without going through the "production of a useful product or service" step.

At least if I got it right.

Reply Parent Score: 6

RE[2]: Comment by NuxRo
by bouhko on Thu 2nd Feb 2012 12:49 in reply to "RE: Comment by NuxRo"
bouhko Member since:
2010-06-24

Facebook privacy wasn't good before the IPO. If I was a facebook user, I'd be kind of worried about what's yet to come. I can only imagine Murdoch (or any other greedy capitalist) being on the Facebook board and imagining new ways to make more money of the massive data they have...

Reply Parent Score: 2