On Friday, Facebook begins tapping into the public market and hits the Nasdaq Exchange in what will be one of the largest initial public offerings in history. The highly-anticipated event has both the tech world and Wall Street buzzing.
So who’s going to be investing in Facebook? And is it a sure-fire bet? Eric Jackson, founder and managing member of investment firm Ironfire Capital LLC joins the program for answers. Ironfire Capital invests in tech companies and over the last few weeks, they've been debating whether they want to become Facebook shareholders.
Comments [2]
SHADY DEALINGS BY COMPANY OFFICIALS AND MAJOR BANKS, SPIN CONTROLLING, AND THE RESPECTED LOSING THAT RESPECT, THAT'S THE RESULT OF THE DUPLICITY AND THE DISILLUSIONMENT THAT SO MANY FEEL ABOUT BEING DUPED !! We live in a world where money may buy the presidency of the USA, where nations observe bestiality and mass killings of innocents, but are afraid that their trade relations might suffer if they intercede. What may yet save still greater calamities is the sophisticated technologies that enable people to reach out to others worldwide to alarm others of all sorts of misconduct. YAHOO, like its competitors, will always need to repair their image and to offer what the public requires. My own background and activities have been somewhat marginalized by the commercial interests that seek to foster their own projects and to limit the cultural achievements from being known to the young in particular and to make the major cultural institutions fight amongst themselves for any financial support. In this respect Germany, Austria and the Scandinavian countries value far more their own heritage than "we" do our own. WAKE UP AMERICA and salvage our possibilities for artistic growth and recognition. I am a Wagnerian heldentenor and the director of the Richard Wagner Music Drama Institute, where professional actors are trained for the Shakespeare roles and big-voiced singers are coached in the Wagner roles and voice production and dramaturgy techniques. My next concert in New York will be on Saturday, June 9th at the YOGA EXPO at the New Yorker Hotel . The title of the concert is 'BRING HIM HOME, with that song from the musical LES MISERABLES, encouraging the return of our armed forces and inspiring hope and love of country with This Land is Your Land, The House I Live In, Climb Every Mountain, You'll Never Walk Alone, The Impossible Dream [the Quest], Granada, Wien, Wien, nur du allein, Kumbaya, Billy Bigelow's Soliloquy from Carousel, New York, New Yprk, There's No Business Like Show Business, Empty Chairs at Empty Tables, Do You Hear the People Sing?, When Johnny Comes Marching Home Again, Memory, Music of the Night, Dein ist mein ganzes Herz, Donkey Serenade, and Earth Anthem.
I have recollections of the PALM IPO, circa March 2000. Where is PALM nowadays?
My biggest concern is that Facebook has already hit its maximum density as far as number of consumers. Now it will have to focus on selling to those users, which will - I believe - cause a backlash and exodus. As a longterm investment, I wouldn't consider Facebook the "GE" of the 21st Century.
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