There are some similarities between Google’s IPO (Initial Public Offering) and Facebook’s attempts at an Initial Private Offering with its recent Goldman deal.
The similarity is that Google didn’t want too much oversight or influence on its management by outsiders, and clearly, Facebook wants the same deal.
When Google filed for its IPO in 2004 it raised $ 1.67 billion, not far off the $ 1.5 billion Facebook could raise through the Goldman deal.
From the beginning it was clear that Google wanted the money but it didn’t want the oversight that comes with being a public company and the influence on management.
Larry Page and Sergey Brin explained in their “Founders’ IPO Letter” that they intend to manage the company based on long term investment opportunities and not on managing to meet quarterly market expectations. They said that they got this idea from Warren Buffett. “We would request that our shareholders take the long term view.”
But they didn’t want to take a chance on their investors agreeing with this philosophy. They made sure that investors had no choice and no chance at influencing the company’s plans. The IPO provided Google Founders shares with ten times the voting rights of common shares.
In a similar way, Facebook with its Goldman deal, is able to raise capital from investors and avoid any oversight or influence on management.
However, John Battelle writing at Searchblog says Facebook needs to become accountable to the public.
Facebook is the greatest repository of data about people’s intentions, relationships, and utterances that ever has been created. Period. And a company that owns that much private data should be accountable to the public. The public should be able to review its practices, its financials, and question its intentions in a manner backed by our collective and legally codified will. That’s the point of a public company – accountability, transparency, and thorough reporting.
It’s a good point but clearly, Facebook wants to limit its accountability as much as possible, even using the Goldman deal to avoid SEC regulations that force companies with more than 500 investors to declare their financial performance.Dell d630 battery Dell inspiron 1520 battery
Do you want to know who has stalked your Facebook profile, watch this video and see how!
Step by Step
1. Open up browser, go to your Facebook profile
2. Right click, click view page source
3. Click Control +F
4. Type in “InitialChatFriendsList”
5. Now you should see number codes. Highlight the number code. (Start from the after the quotation mark and before the minus sign.
6. Go to your URL.
7. Copy and paste any code and paste it. www.facebook.com/(paste code here)
8. And there you go. :3
Note: Editing was a big PAIN IN THE ASS because look at all those censor boxes I put in this video… It took exactly 1 HOUR to edit this video… I’m going to keep my friends unknown. 😛
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