February 2nd, 2012 
Sujeet 
Posted in Facebook’s IPO filing not only made a statement as the largest for any technology company but a glimpse into their earnings shows their attention to detail. In 2011, Facebook reported a net income of $1 Billion. Not $950 million or $1.2 Billion.
Perhaps it was a shout out to Justin Timberlake’s famous line from “The Social Network,” but the facts remain, they are very much in control. Not only will Mark Zuckerberg become one of the wealthiest men in the world, nearly 1,000 employees are expected to become millionaires overnight. Who would’ve thought playing farm games all day could be worth so much!
So who’s buying their stock?
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I’m surprised that Facebook has remained so popular for so long. However, remember MySpace and GeoCities, and a bunch of other social media stars of the past? Then again, I thought TV was a passing fad…
Facebook won’t last forever, it’s going to be a tool of the past just as Myspace is now. Google+ is going to be the future, it’s just going to take a while for that to happen though.
My prediction is that after the Facebook IPO, Facebook will start changing things here and there, and their user base will slowly be looking for alternatives. I could see Twitter surpassing Facebook as Facebook starts to change, only because Twitter is established. Ultimately though, there’s no value in Twitter either, so the user base will jump to Google+.
Our society is going to want a more private social network as technology evolves, and Google+ is going to be able to offer that option and experience.
Good for Mark Zuckerberg and the future Facebook Millionaires.
I want/need to start making internet money.
I was reading a story about their resident “graffiti artist”.. This guy was brought in to paint the walls of their office back when they first were getting started. He was offered “a few thousand dollars” for his work, or the equivalent in stock.
He took the stock, and those shares are now worth over $200 MILLION dollars!
Must be nice..
Jeez, that’s great for him.
David Choe is his name. I did a post about him on my blog today.
As soon as FB starts charging for a premium service people will run off in droves. I think after the IPO thats the next step for them.
I just don’t see that happening.. Zuck knows that 99.9% of the people on there aren’t willing to pay for the service.
The real money’s in the advertising.. Imagine one day you log into Facebook and it’s skinned with a Coke background and ads. Imagine how much a brand would pay to get that message out to 800 million users?
Myspace tried stuff like that, and I’m sure that’s the next logical step for FB as well.
It’s a possibility.
If anything, I could see Facebook charging businesses for their fan pages. Essentially they’re getting free exposure and advertising for those fan pages.