Hundreds of Facebook employees congregated at 'Hacker Square' at the company's Menlo Park headquarters this evening ahead of the company's insanely-hyped initial public offering. Now, some of the first photos are starting to trickle in. There was a standing ovation for chief executive Mark Zuckerberg, who gave a talk before several long-time engineers bounced in while wearing capes or bringing boomboxes.
The Facebook IPO is the most important IPO to hit the stock market in .....forever. Not because of its size in dollars. Not because of the gap up it may experience in its first day of trading. Nope. Its the most important IPO ever because:
1. It could lead to individual retail investors coming back into the market.
For the first time in a long time I had someone ask me what I thought about an IPO.
Facebook says that it generated half of its revenues outside of the U.S. and Canada in the first quarter of 2012, and some numbers out today underscore just how extensive its reach is in different markets, with active usage in some countries outstripping that of Facebook in its home market.
According to figures from Nielsen -- some of the latest numbers to come out in the battery of data that is being fired out in the final day before Facebook goes public -- Brazil has the highest active reach of Internet consumers using the social network from home/work computers.
Editor's note: Hussein Fazal is CEO of AdParlor, an ad management and technology company for Facebook campaigns. AdParlor manages over 1 billion daily ad impressions on Facebook for clients such as Ubisoft, SEGA, Groupon, OMD and Starcom.
I must say that I have been a little bit disappointed recently in the many, many, many analysts who have been knocking the Facebook valuation with very limited insight into what is going on with their advertising business.
Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's expected asking price is too high.
The company Mark Zuckerberg created as a Harvard student eight years ago is preparing for what looks to be the biggest Internet IPO ever.
He's not taking off the hoodie, and he's not going to NYC. TechCrunch has learned and confirmed that Facebook will IPO on Friday with CEO Mark Zuckerberg ringing the NASDAQ bell remotely from his company's new Menlo Park headquarters. This follows the trend of companies like Zynga who also rung the IPO bell from home base rather than New York.
Professor of Social Studies of Science and Technology at MIT, Sherry Turkle, is calling for more reflection and conversation about where our current use of technology is taking us.
Infographic by Sociagility.
WSJ Markets
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