Wednesday, 15 June 2011

Science: Of IPO

So, Facebook finally reached the magical 100...

Yup, that's one hundred billion US dollars that the social networking site is allegedly worth. And I won't be at all surprised if there really are people who, in Q1 2012, will think that's a air assessment of Facebook's value and will stump up for a piece of its cake. I am, however, fearful that the cake make turn sour - or even poisonous - by then. Just look at the recent defections from Facebook in mature markets. For those who look at making money, it's the potential for growth that is the driver, but it seems to have dried up - and it threatens to dry up even more as more markets saturate. So, what does Facebook have to say to all this? Sadly, it's mostly derision - and punctuation: "People have been speculating about this for years and have been wrong. Every. Single. Time!" Well, OK. But we all expected you to say that. How about a bit more mature response. It needn't even be hard numbers as rightly asked for by The Register (and certainly others). Just being a bit more mature about it would do. It's 100 billion US dollars you have at stake there, not playground one-upmanship.

But then, what else from someone proud of killing his own food...