LEADERSHIP QUOTE OF THE DAY (18 May 2012): We must become the change we want to see. - Mahatma Gandhi
SUCCESS
Facebook Value Heads North
Facebook plans an initial public offering in the first quarter of 2012 that is expected to value the company at “north of a shocking $100 billion.”
CNBC cited unnamed sources for its information, but they almost certainly were people at Facebook or, more likely, existing investors who would have an incentive to talk up the value of the company.
If the IPO price is actually higher, then it looks as if the stock is in an uptrend, and that will stimulate demand. If the price is lower, then it will look like a bargain, and that will stimulate demand, as well.
Facebook is forecast to produce operating earnings (earnings before interest, taxes, depreciation and amortization) of $2 billion in 2011 on revenues of about $4 billion. The company has reported nothing so far, so there’s no way to know how accurate those figures are.
But have we finally grown tired of Facebook? According to Inside Facebook, more than five percent of U.S. users abandoned Facebook in May - that's about six million people who have stopped "liking" the world's largest social network. 100,000 people dropped it in Britain last month alone.
Six million one hundred thousand people jumping ship sounds like a lot, but when you consider that Facebook is on track to hit 700 million users any day now, it's not such a big deal.
Don’t settle. It’s only human to desire continued growth, expansion and fulfilment. Such things are achieved through reaching our goals, attaining new possessions and learning new ideas.