There was a lot of hype about the initial public offering of Facebook which launched today. I haven't been close to a radio or TV today so I wasn't sure how it went.
I just perused the financial news and one headline said it was a flop. I'm not sure I'd use that term, because 500 million shares changed hands. At the bell, the closing price was $38.23, up 23 cents for the day. Obviously, Facebook owners had hoped it would turn into a buying frenzy driving to stock price through the stratosphere, but it seems that didn't happen today.
Before you think aw shucks, Facebook at the closing bell is valued at $105 billion dollars; more than McDonalds, Cisco, and HP.
I'm not sure what that makes the 28 year-old Mark Zuckerburg worth, but I'm guessing if he plays his cards right, he won't have to wait tables any time soon.
Today it seems the numbers we use to value things are so vast, that it's difficult to wrap your arms around the concept money. A billion dollars, for example is a thousand million dollars.
What would you do with a thousand million dollars? I'd like to think I'd use if for good and not evil.
I know you would use it for good. You don'r have an evil bone in your body. And I think Zuckerberg has had plenty of spending money for quite some time.
ReplyDeleteLove,
Janie
I hope I would do alot of good with that kind of money, but since I don't think that will ever be an issue, I'll try and stick the plan I have now..trying to do good with minimum funds! I believe there's a ton of things that can be done without any money. Have a great weekend!
ReplyDeleteit's all fantasy money, doesn't exist unless you sell it and it can disappear in an instant. we don't buy stocks anymore. too unreliable.
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