Facebook Investors: Old and New

April 28, 2011

Facebook Investors: Old and New

First, the old:

Reuters reports that a group of shareholders, which includes Facebook employees, is hoping to offload $1 billion worth of shares on the secondary market, a sale that if successful would value the company at more than $70 billion. via slatest.slate.com

Now, the new:

When Facebook China launches sometime in the near future, All Things Digital reports the Chinese government will be able to spy on any Facebook user who friends someone in China: "When Facebook users outside China connect with users inside China, sources said they will need to click through a warning that any material visible to Chinese users may also be visible to the Chinese government." The task of keeping Facebook China censor-friendly will probably fall to Chinese search giant Baidu, which is widely assumed to be partnering with Facebook for their China adventure. via Gawker

So, in summary....Facebook's employees and initial investors are looking to jump-ship... bail out...cash-in...take the money and run...take profits.

And their replacement is....the Chinese Government and their rules of transparency.

Sweet!

Back in the day, The Who sang We Won't Get Fooled Again. Looks like we will....

Posted on April 28, 2011 at 12:43 PM in facebook | Permalink

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I don't see Facebook being very successful in China. For one, China already has their own homegrown social website called Renren.com which is strikingly similar to Facebook. Coincidentally RenRen is IPO'ing this week so watch out for this stock. With the censorship issues and hurdles that Facebook has to negotiate in China, it's bound to run into some problems.

David Grey
Audiocanyon

Posted by: iPod touch docking station | May 03, 2011 at 12:37 AM

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