Facebook IPO

Analysts say the company could be valued at up to $100 billion after Wednesday's offering:

http://www.nytimes.com/2012/02/01/technology/riding-personal-data-facebook-is-going-public.html?_r=1&hp

Am I the only one who's uncomfortable with even more money being made off of what, essentially, is pimping Facebook members' personal information in order to target ads specifically to them?

 

Simple answer is not to have a Facebook account.

 

As a former sports reporter now turned tech journalist, this is not exactly the discussion thread I was expecting to see on SportsJournalists.com.

 

Believe it or not, many of us sports writers like to talk about subjects other than sports once in a while.

Also contrary to popular belief, carpenters don't often spend their downtime remodeling their homes.

 

Haven't we always done that? People by newspaper ads because of what they know about the consumers who buy the newspaper. This is just more granular.

 

"Buy some ads and we'll show them to a bunch of people who are from this area, are affluent enough to by newspapers, and are interested in news."

"Buy this ad and we'll show them to a bunch of people who are have XXX interest according to their self-submitted information."

Same thing, different degree.

 

Is it true that the stock will go off at $100 a share?

 

An acquaintance of mine thinks he'll make a ton off of the Facebook IPO. Too bad his $2,000 won't get him anywhere near the IPO price.

 

From what I've read, average investors have no shot at purchasing Facebook stock.

 

Yeah. Regular donks can't buy in. At least not yet. Only a select group.

 

Gotta let the rich get richer first.

 

I wouldn't count on them getting rich. I've read multiple financial stories where "experts" are saying they wouldn't touch Facebook stock. Groupon opened with a lot of hype, had a good first day and leveled out. Same with LinkedIn, I believe, although when LinkedIn mellowed out, it was still at a substantial gain.