Best quote, I hope this meets the posting guidelines I was just discussing elsewhere on SI: "Facebook officials are now acknowledging that the social media giant has been able to create a running log of the web pages that each of its 800 million or so members has visited during the previous 90 days. Facebook also keeps close track of where millions more non-members of the social network go on the Web, after they visit a Facebook web page for any reason."
No thank you. BTW, their membership numbers are inflated with millions of inactive or abandoned accounts.
As long as I am posting links, there's this. It may actually affect use of your information going forward, but know that the horse has long been out of the barn.
wikiHow - How to Permanently Delete a Facebook Account
The Wall Street Journal’s Shayndi Raice and Randall Smiththis afternoon report that Facebookmay file for an initial public offering as soon as next Wednesday, valuing the company in a range of $75 billion to $100 billion, citing multiple anonymous sources.
The news comes two days after reports that private trading in shares of Facebook were being suspended.
A source I spoke with earlier this week with one investor owns private shares of Facebook opined that the valuation will likely be in the $40 range, above recent private trades at around $30. That would push the valuation toward the upper end of the range Raice and Smith are discussing. Indeed this source opined that the valuation out of the chute would probably be around $100 billion.
I would note that SharesPostof late has displayed recent transactions for Facebook at a price of $34, and states that the implied market value is $80 billion.
Publicly Traded Social Networking Stocks To Play The Facebook IPO
Investors can buy publicly traded social networking stocks to play the Facebook IPO to invest in the Facebook IPO indirectly by investing in the social networking sector. Buying publicly traded social networking stocks before the Facebook IPO is a way that stock traders can position themselves for the possibility that social networking stocks will rally in ahead of and in conjunction with the Facebook IPO to potentially profit from the Facebook IPO in an indirect way.
Facebook has homed in on two possible dates to launch its initial public offering on the Nasdaq, according to a person familiar with the matter. Bankers & management are currently looking at a primary target date of May 16 or May 17 to price the deal (with trading commencing the following day), according to this person, and trading would commence the following morning. The company would begin marketing the deal on May 7 under that scenario. The final timing, however, will be highly dependent on the Securities and Exchange Commission’s review of Facebook’s recently announced $1 billion acquisition of Instagram. While bankers expect the commission to give the deal a go-ahead by the end of April, unforeseen comments or questions from regulators could push IPO pricing back by roughly one week.
If that were the case, the company would default to a plan B, which would aim to price the deal on May 23 or 24 and begin trading the following day.
Facebook IPO May 17th - Citing "multiple sources close to the company," a popular technology blog has reported that Facebook Inc. officials have chosen May 17 as the date to launch their eagerly awaited initial public offering.
Facebook Q1 Profit Down; To List Shares On Nasdaq 4/23/2012 5:18 PM ET
(RTTNews) - Facebook Inc reported that its first-quarter net income attributable to Class A and Class B common stockholders declined to $137 million or $0.09 per share, from $153 million or $0.11 per share in the same quarter last year.
Revenues for the quarter rose to $1.06 billion from $731 million in the prior year quarter.
The company said that it has applied to list its Class A common stock on the NASDAQ Global Select Market under the symbol "FB."
My entire high school graduating class first migrated from classmates.com to Facebook and then abandoned it for a blog site when it became apparent that FB leaks personal information like a sieve. In tests we found that an email address created and used for FB and nothing else started receiving spam as little as two weeks after FB account creation.
Only the extremely naive or foolish use their real information for Facebook. As FB has no problem with anything that pads their number of users, they are quite happy to have more bogus accounts than real ones. Their actions to purge "phony" ( smart ) users were pure press release filler material, the stated percentage of such accounts they found was so small as to amount to an admission that they couldn't really tell which ones were real or they didn't really care to try.
Patience, FB will be a fine short later in life, and IMO a lot sooner than many people expect.