Is Facebook Really Shutting Down
January 9, 2011 by staff
Is Facebook Really Shutting Down, Late Saturday night and Sunday morning, rumors spread of Facebook’s imminent demise in the Internet like wildfire pushed by the wind through the dry brush, head of Google Trends and inspiring a flurry of tweets very troubled. Think about the equivalent of Chicken Little went viral, and count them as living proof of the capacity of the Internet for transmission of opinion and speculation as if they were facts.
A series of unfortunate events
Earlier this week, The Wall Street Journal reported and well-informed sources have confirmed Goldman-Sachs was seeking major investments in shares of Facebook, the establishment and 2 million minimum purchase prices, and specifying Purchasers should keep their shares until 2013. Goldman estimated the value of Facebook at about $ 50 billion (USD), outlining plans to purchase shares totaling $ 1.5 billion (USD) or about 1.5% of the current value of the private company.
Facebook founder Mark Zuckerberg, who has so far refused to comment publicly on the movements of Goldman, has always remained suspicious of Wall Street, discouraging speculation on whether or when he can take his audience Palo Alto station. Significant investment from Goldman, coupled with a $ 500 million (USD) cash infusion from Russian Technologies Digital Sky Facebook gives cash to hire IT professionals in high-powered by a pool of super-charged and extend its reach through a wide range of cloud computing technologies. According to Reuters, “The vehicle appears to be designed to allow Facebook to sell shares to a larger number of donors, without triggering a settlement Securities and Exchange Commission requires financial reporting major public companies with more than 500 investors. This is because the vehicle could be considered a single investor. ”
On Friday, the veteran tech journalist, Muckraker, and populist David Rushkoff has produced an editorial for CNN Money, and his opinions were well informed largely mistaken as fact. The piece speculates on the future of Facebook, drawing on examples from AOL and MySpace, and reasoning that social networking sites follow essentially the same cycles as the dots of water popular in the world real: people get tired of the same old environment and they move on. If they are smart, tech wizards who create the sites of there cash holdings before their fields turn to ghost towns. Applying this reasoning, Rushkoff wrote: “As I read the situation, we are witnessing the beginning of the end of Facebook. These are not symptoms of a company that wins, but whoever is cashing out. ”
Problems with reading comprehension
The fundamental error from thousands of readers for taking strong opinion CNN facts established a tribute to the powerful prose Rushkoff, but a serious misunderstanding. While millions and displayed their tweeted “BMC!” Coolly and calmly Kanalley Craig noted in the Huffington Post, “Whatever the reason for this rumor, it’s safe to say that as a site with over 500 million and users and 500 investment from Goldman Sachs recently Millon, Facebook will not stop anytime soon. “
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