A sharing of pastoral, priestly, personal, spiritual, social, and political, insights and commentary on contemporary, and historical, life, and faith, experiences. Anonymous Comments to any of my blog posts will not be published, or acknowledged; only deleted. 'Come out of the darkness and into the sunshine'. I put my name to what I blog, be honest,and "fear not", and do the same yourself...........fr.tdp
Friday, May 18, 2012
EXCITEMENT OVER THE FACEBOOK IPO............
Eight years after creating a social networking phenomenon in his Harvard University dorm room, Mark Zuckerberg took the 900 million member Facebook public today on NASDAQ, in public trading of stocks, that may potentially lead it to be valued at more than $100 billion. Zuckerberg himself is expected to garner $19-28 billion as a result of today's action and the Facebook insiders are projected to receive an average of $2.9 million. This first day on the NASDAQ Facebook stock started selling at $38.00 per share of stock, advanced to $45.00 a share during the trading day, but not soar or close as high as many had expected, but dropped back to close at $38.23 at the final bell. Whether it will accomplish a Google like stature in value, or under perform as it did today and remain static, will be determined as trading goes forward into the future. What today does prove is that in less than a decade Facebook has become a dominant means of social communication and is more than a phenomenon, it is now a potentially major player in the financial affairs of American and potentially international markets............Fr. Troy
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