I know I may be in the minority, not in hating Facebook and Mark Zuckerberg but in admitting it openly and often. Facebook ranks right there with Exxon just after the Valdez oil spill for negative association with a brand. It used to be okay to say you hate Zucks, even when The Social Network came out. But now he’s too powerful. If there is a big brother (George Orwell’s 1984 seems quant now but let’s get serious the dude was dead on) it’s the boy wonder in the flip flops.
Don’t get me wrong, we at GMP understand the importance of social media with FB being perhaps the most important. The number one and two sources of GMP traffic are readers who find us directly or come to us through a Google search. But Facebook is number three and critical to our web of readers and evangelists.
Some of my animosity has to do with privacy, control and lack of a truly open platform. But mostly it’s just a personality thing. I do believe that Zucks stole the idea from a couple of oarsmen (I’m a rower and we stick together). I also don’t think he really has a larger agenda about good in the world, like the guys at Twitter, or even an obsession with design, like Steve Jobs. Facebook is first and foremost about what Mark Zuckerberg wants.
None of which is to say he isn’t brilliant, that his company won’t be worth an astonishing $100 billion (roughly equal to the cash balance at Apple just by the way), nor that Facebook hasn’t reshaped the entire face of media world-wide.
Okay, maybe I am just a tiny bid jealous.
What do you think? Facebook good? Or Facebook evil?
Facebook Inc. could file papers for its initial public offering as early as this coming week, people familiar with the matter said, as anticipation mounts for what is likely to be one of the biggest debuts for a U.S. company.
The deal, seen as defining moment for the latest Web investing boom, could raise as much as $10 billion and value the social network between $75 billion and $100 billion, said people familiar with the matter. A valuation of $75 billion would be below earlier expectations.
The website, which in less than eight years has attracted more than 800 million members, has changed the way people across the globe communicate, from organizing political protests to sharing baby pictures.
The Internet giant is close to picking Morgan Stanley to lead the deal, these people said. Wall Street banks, many of them struggling amid a crimp in trading profits, have been jostling for a leading role in the deal, which could yield them tens of millions of dollars in banker fees, potential new business and bragging rights.