Facebook: Economical Or Social Media?
“There is a real tension between making a lot of money out of this site and making it a really cool site that users want to use”, said Jason Jenkins, editor of tech website CNET UK. This social networking giant will begin selling on the stock exchange next week. It seems that, behind the social media where people are exchanging pictures of their last party, chatting about the last movie they watched or keeping in touch with friends they met on holiday, a sizeable economic incentive is hidden.
In fact, Facebook shares will be on sale to the public from the 20th May 2012. There is here a contradiction between on one hand, trading on the Nasdaq Stock Market under the Facebook ticker to get as much money as possible, and on the other hand, “accomplishing a social mission” as chief executive officer Mark Zuckerberg said.
More than 420 million shares will be available on the market (which would worth be about $10 billion in total) for people who would like to have some market shares within the multinational company of Facebook.