Tom Matlack has some questions about the Initial Public Offering of Facebook, which was priced today and will begin trading tomorrow morning.
Facebook priced its Initial Public Offering after the closing bell today at $38 per share for a company value of $104 billion. The shares will begin to trade freely on the NASDAQ tomorrow morning.
So here are some things to ponder:
1) Mark Zuckerberg will continue to have total control of Facebook allowing him to do things like the $1 billion acquisition of Instagram without consulting his board or shareholders. Good or bad for a 20-something in a hoody to have so much power?
2) While the economy stagnates under debt and unemployment we seem to have yet another tech bubble. Is Facebook part of the problem or the solution?
3) Microsoft, Amazon and Apple have been accused of too much market control, destroying whole industries. Is Facebook in that same group?
4) Wealth. Do the Facebook founders deserve the outsized payday?
For a laugh, watch Mark Zuckerberg, The Musical
Lead Photo courtesy of the Associated Press.
Bottom image courtesy of Google Finance