i wonder why facebook owner wants to go public

@hotsummer (10436)
Philippines
May 7, 2012 6:21pm CST
i don't know if Mark still not satisfied with his money and what he earned from facebook. and now he wants to go public and offer IPO. i think that he has so much money than any people can imagine or want in life. i guess when you are rich you just want to stay rich and you would try to ensure that by trying to earn more. for me if i got rich i would be happy i would not try to be more rich or try to maintain that level of being rich. but as long as i can live comfortably and live my dream then it is okay, i don't dream to overly rich.
1 person likes this
6 responses
@megamatt (14330)
• United States
9 May 12
It does seem like the next logical step, as it would really be something to reach the next level of legitimacy for Facebook or at least that is the intention. I can see a lot of people really following suit starting up social networks in an attempt to really become the next big thing, but really I do wonder if this is going to really mark a golden age or a dark age. Going public is a step that does seem logical but it is a step that might not be able to end rather well a lot of the time. We'll know in a few years if this will end well and we'll see how many other social networks are going to try to rise to the level where they can really go public a lot of the time. We'll see if this particular bubble pops.
@airkulet (2705)
• Philippines
8 May 12
Mark knows what he is doing, for sure that he has also some staff for financial advice. In a competition like social networking you need to always make a move or else you will be left behind.
@yel812 (174)
8 May 12
I can see that you are a good person and you chose to live a normal and a simple life. I think what he is doing is ok, he can also share a revenue if he do that. If I'm in his position, I might as well do that.
@lampar (7597)
• United States
8 May 12
FaceBook owner is not stupid, he may have come to the conclusion the time is now to cash in for a really big one by opening up his company to the public, having IPO at this moment while the company is still popular can net him several more billion with several hundred dollar per share at present estimated market price on FaceBook. In the next two to three years, There is no guarantee FB will remain that popular and there are more competition emerge every day, he may not be able to reap such a big return if he keep pushing back the date for his private company to go public. Yes, billionaire is not that dumb to feel enough of all mighty $$, he/she want to have more and more, so that more can be taken with him after he is gone from this world, or he can just give them to his children and grand children, which millionaire or billionaires in our present world doesn't want to be more rich and disdain of becoming overly rich, it is part of the trait and personality of the wealthy, they never feel enough of all mighty dollar inside their head, greed is ingrained inside their head no matter you like it or not, there is no such thing as enough as far as $$$$ is concerned.
@adhyz82 (36289)
• Indonesia
8 May 12
i think mark know, that the supporting from many people can make his assets will be longer.. yeah, facebook still gives profit to him..but it can`t guarantee that facebook is still popular in next 5 years maybe.. so he wants to ensure with releasing facebook share to public good ideas i think
@yahnee (1250)
• Philippines
7 May 12
Mark Zuckerberg has put off making Facebook public for so many years. He did not really want to go public but it has reached a point that he has to do so because of legal restrictions. It is no secret that Mark has made all efforts not to go public because it is a better way to build the business but Facebook has become so big with so many shareholders. Facebook must follow a Securities and Exchange Commission regulation when a company gains more than 500 shareholders. In this regard, Mark Zuckerberg and company have no choice but go public. Facebook can adhere to the rules of going public without selling their the shares but is would not seem like good business sense. However, Mark and his team will still be in control of the company.