Monday, May 21, 2012

Facebook IPO: Not impressive

The Facebook IPO must have been the most talked about event of the month and yet it pretty much fell flat. I was always against Facebook going public but I did expect more movement on the day of the IPO due to the sheer "excitement" of the general public. I also expected more movement based on the fact that Facebook was originally reported to be oversubscribed. With this being said I was right and wrong in the same moment.

Now that Facebook is public and will be measured under the auspices of Wall Street and away from its original  effort just to be an online social gathering. Many things will change about the networking site from the inside and the outside. The internal culture will have to fight to maintain its laid back and easy going atmosphere. While the external culture will find itself under more pressure than ever from other start-up firms looking to grasp users looking for a network with a less corporate feel.



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