From the Editors
Best in Blogs: A Week Without Facebook (Not), the Rickroll Rickroll, and Other Near and Fake Deaths
Let's try to get through an entire week without Facebook. It can be done. Facebook is history anyway, now that the company has gone public in a sputtering IPO and CEO Mark Zuckerberg got married. The good old days are over, baby. "Facebook is not only on course to go bust, but will take the rest of the ad-supported Web with it," Michael Wolff writes at Technology Review. "As Facebook gluts an already glutted market, the fallacy of the Web as a profitable ad medium can no longer be overlooked. The crash will come. And Facebook--that putative transformer of worlds, which is, in reality, only an ad-driven site--will fall with everybody else." "Facebook's IPO misfortunes share many fathers," says The Verge. "You might conclude that the whole event is a catastrophe, if not an outright scam, perpetrated by the powerful at the expense of the powerless." Wall Street Window calls Facebook stock "radioactive...Zuckerberg sold over a billion dollars worth of his stock during the IPO. He knew it was a great place to dump and so he did. But who was there to buy once it started to trade? He ran out of suckers so the stock dropped." Wow. Of course the rule of thumb is: when Wall Street tells the public to zig, the smart money zags. So who knows?
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Best in Blogs: How the Earthshaking Facebook IPO Probably Will Not Affect You
Ladies and gentlemen of the Internet, all your sharing of personal information and photos of your children and harsh opinions about the Kardashians is about to pay off bigtime. For a handful of insiders who owned private shares of Facebook before the company's ginormous IPO this Friday. "As a Facebook user, give yourself a pat on the back for helping the company make it this far. You are one of 900 million, and you spend an average of 20 minutes per day surfing the network. You've become worth an average of $100 to the company," says Mashable, which among much other coverage has created a nifty Facebook-style Timeline graphic about the IPO (on the premise that "if the Facebook IPO were a real person, we certainly wouldn't blame it for posting braggy status updates.") Crazily, the folks at Inc. seemed to have a really similar idea. Mashable analyzes "13 Ways the IPO Could Affect You." Most of them seem to be about the company's future imperative to keep growing at an unbelievable rate to please Wall Street, a drive that could lead to various money-making schemes: "Recently, Facebook indicated that only 12% of your friends see your average update.... users might even need to pay to get more visibility on their updates."
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