Before the end of this year, Facebook is planning the largest technology IPO ever. The previous record holder debuted in 1999 as Infineon Technologies AG, raising $5.23 Billion. Facebook plans to almost double the record. With an investment of$1.5 Billion from Goldman Sachs in January, Facebook will be going from a projected $50 Billion in worth to $100 Billion.
Does this mean that it is time to delete our Facebooks? When you look into Facebook going public, we have to realize that Facebook will change forever. I'm not talking about the layout or the new feeds. I'm talking about the ownership and the goals of the company. Instead of being the great time waster which is free and helps you stay in touch with your friends, Facebook will turn into a multi-billion dollar public corporation who's only goal is to increase stockholder wealth. We will have to live with the fact that Facebook will make its money off of selling our personal information and also by selling our interests to ad companies who want to target us to make profit. Just something to think about. That is all.
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