FaceBook Goes Public

Mark Zuckerburg launched Facebook from his Harvard dorm room in 2004. Since then Facebook has turned into a multibillion Dollar Company reaching just about every corner of the globe. Meeting people or network So Friday May 18th, 2012 Facebook the Social Network Titan went public. What does this mean? Facebook going public means that Facebook is no longer a privately run company. It is now open to the stock exchange for people invest in the purchase of shares. You could actually own a piece of the multibillion dollar company. When Facebook went public it was valued at over $100 billion dollars who wouldn't want a piece of that pie right? I feel that there is no better time to invest in buying shares of a company than when it first goes public. As the years go by your shares will be worth more because you've had them since the beginning.  On the other hands value of stocks value fluctuate all the time. At times its a gamble and you have to be very confident that you've made a wise investment. The social network priced its flotation at $38 a share, valuing the company at $104bn (£65.8bn) - more than any other US company has been worth on the day of its market debut (Rushton, 2012). Even though Facebook is valued at over $100 billion dollars concerns are still raised as to the longevity of the company's value. The hype to purchase Facebook shares went down just after the first day of its debut. Who knows, as time progresses we'll see how strong Facebook really is to withstand the fluctuations of the stock market.

References: 

Rushton, K. (2012, May 17). Facebook valued at $104bn on record-breaking stock market debut. Retrieved from http://www.telegraph.co.uk/technology/facebook/9273583/Facebook-valued-at-104bn-on-record-breaking-stock-market-debut.html

AVENGERS SMASHES THE BOX OFFICE

So on Saturday I went to watch the long anticipated movie "Avengers" and man was that theater packed with a line that wrapped around the theater. From my observation alone I could tell that if the demand to view this movie was this impactful I could only imagine how it was every where else. I was reading entertainment new today on OMG.com...My hunch was correct. Avengers smashed the box office raking in a whopping $200.3 million dollars during its debut. This has set the record surpassing the last Harry Potter film last year when it only made $169.2 Million dollars in its debut. I ask myself what is it about the anticipation of this movie that allowed for such a fenominal turnout. With the country stilling trying to climb out of its recession it is surprising to see that the every day American can still spare a $10 dollar bill to at least purchase a movie ticket to enjoy a small get away from a srtessful day, family time. It is true, the entertainment industry does suffer to much as a resultof thr recession for thre simple reason that even though the country is in a recession state one can rest assure that although you may not have a lot of leisure money to spend around you can afford to get away from life issues and purchase tickets to knowning that you're going to relax and enjoy something that doesnt remind you of what's next on your to list.







REFERENCE:

GERMAIN, D. (2012, MAY 06). 'avengers' smashes record: $200.3 million debut. Retrieved from http://omg.yahoo.com/news/avengers-smashes-record-200-3-million-debut-153541542.html;_ylt=AvC2ppkexvrS4RNQMFNvcDZPpxx.;_ylu=X3oDMTRqaTVrNDZtBGNjb2RlA3ZzaGFyZWFnMgRtaXQDTW9kIFRvcCBTdG9yeSBDb2tlIDIEcGtnA2MxMWNhMGMzLWI4OGYtM2IxOS1hZGQzLWI2MzJhMDU3NTk0ZQRwb3MDNQRzZWMDdG9wX3N0b3J5X2Nva2UEdmVyA2FmYzA0YmQwLTk3YjctMTFlMS1iYWVjLTMwZDMxMzQwZTg4ZA--;_ylg=X3oDMTFpcW84dHVuBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANuZXdzBHB0A3NlY3Rpb25z;_ylv=3