Friday, May 18, 2012

Facebook IPO looms

Zuckerberg stands to make around $10 billion, personally, and the media is predicting 1,000 millionaires will be created. Wait, what was that? OWS and Democrats say that the rich got rich by exploiting the poor. How many people is Zuckerberg impoverishing because of his capitalist greed? Let's see, his company employs 3,500 people, plus there are the many thousands of people employed by developers of apps for Facebook, such as Zynga.

  Daily Mail:
    One thousand millionaires are expected to be created today as Facebook sells its shares for the first time. In one of the biggest ever Wall Street flotations, the social networking site will sell 421million shares at up to £24 a share.

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