After hearing that Facebook filed for an IPO of $5 Billion I was shocked. It wasn't the monetary value that shocked me, it more had to do with how much Facebook has grown over the years. I can remember when I got a Facebook during my sophomore year of high school. When I first got it, I simply used it to connect with friends, look at pictures of what they have been doing, and toss around inside jokes. To think what it was then, to what it is today is unbelievable. I never would have guessed how it would have progressed social media so far. Everyone has seen the advantages of Facebook, especially businesses that use it.
However, I still have a hard time grasping at the reality that Facebook can be used as a legitimate source of information. To me, there still seems something impersonal about it, but I just might be old fashioned. It seems like the days where face to face meetings are gone and no one has to meet in person anymore. Is it possible that the use of these social media sites will hinder our abilities to communicate in person?
Obviously, I can see the advantages of these sites, but do the advantages outweigh the disadvantages?
I agree completely. Although I feel there is definite value in the company, and the service. How exactly is this valued at such a large dollar amount? If this included the potential for making money I could understand, however, if every company was sold like that, every company would be valued ridiculously high.
ReplyDeleteNow that you mention it, I can't really decide if Facebook has done anything productive for me personally. With a business, I can see it as a place to reach to other customers, but for a person who isn't a celebrity, I'd rather just go and see my friends. When traveling, it is so easy to get in contact with friends and family, though which is a huge plus.
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