Questions surrounding Facebook's IPO will finally be answered on Friday, when the company begins publicly trading its stock. Doubts about CEO Mark Zuckerberg's managerial skills and concerns that the company is being overvalued have dampened the hype, but the business and technology worlds are still buzzing in anticipation of Friday's announcement. However the IPO turns out, Facebook will see some serious changes in the near future.
Facebook is scheduled to release its initial public offering sometime on Wednesday, and is rumored to be valued at $100 billion. If it turns out to be worth more than $100 billion, Facebook would be the fifteenth-largest IPO in world history, out-valuing Google's 2004 IPO by sixfold. This means big changes for the company itself, which could see many of its chief ideas people and programmers striking out on their own.
In his new book Life Inc.: How the World Became a Corporation and How to Take It Back, author Douglas Rushkoff says that to get out of the current economic crisis, Americans must rethink their relationship with companies like Wal-Mart. He favors local economies, local currencies, and even the old-fashioned concept of getting to know your neighbors. He joins The Takeaway with more.
For a sneak peek at the book, here's a brief film of Life, Inc.