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Posts Tagged ‘Facebook IPO’

Facebook Stock Tax Proceeds Tank, California Relying On Twenty -Somethings For Support

August 3, 2012

Well, the hits from the Facebook  stock implosion keep coming. Now, it’s the State of California, which apparently overestimated how much  tax revenue it was going to collect from Facebook employees after the IPO.

According to Bloomberg’s John  Erlichman, California is now saying its “tax revenue is at risk” because it  assumed it would get $1.9 billion from newly enriched Facebook employees.

But now those Facebook employees are only going to get about half as rich as  they would have if the stock were still trading at the IPO price. And that means that California–and the Federal government–are likely to  collect only about half as much Facebook-related tax revenue as they  thought.

State of Californa now counting on the twenty- somethings FaceBook employees for support..

 

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As Facebook Goes Public, Users Ask Where’s Our Cut? We Are The Product

February 7, 2012

By my calculation, Mark Zuckerberg, Facebook’s founder and chief executive, owes me about $50.

Without me, and the other 844,999,999 people poking, liking and sharing on the site, Facebook would look like a scene from the postapocalyptic movie “The Day After Tomorrow”: bleak, desolate and really quite sad.  Facebook surely would never be valued at anything close to $100 billion, which it very well could be in its coming initial public offering.

In the company’s S-1 filing, submitted to the Securities and Exchange Commission this week, Facebook boasts about its statistics: annually, people “like” one trillion things; 91 billion photos are uploaded; half a billion people use Facebook on mobile phones; and hundreds of millions are annoyingly “poked.”

So all this leaves me with a question: Where’s my cut? I helped build this thing, too. Facebook laid the foundation of the house and put in the plumbing, but we put up the walls, picked out the furniture, painted and hung photos, and invited everyone over for dinner parties.

If you use a service for free you are not the customer but part of the product..

 

Facebook IPO Will Create A Thousand New Millionaires, 99% ers Aren’t Going To Like This

February 3, 2012

The catchy rumor ahead of Facebook’s initial public offering filing was that the company’s record IPO will create 1,000 millionaires overnight.With a current plan to raise $5 billion in its stock sale — the largest Internet IPO in history — employees who were granted stock options in Facebook when they were hired certainly have a lot to gain.  The Daily Mail reported that the company will have “well over a thousand” employees who will be millionaires after the company goes public, based on comments from an anonymous former in-house Facebook recruiter.

Where are the Occupy Facebook demonstrators?