As Facebook prepares to launch itself on the stock market stock fever could take hold. Facebook is such a phenomenon that it is expected to excite the markets in a way that has not been seen for many a year. What it will mean for Facebook users may not be so favourable.
In the long run it could be that personal data is less secure than it is now. It is not that secure now. It could result in an abuse of information depending on who owns the largest share of Facebook. If that becomes the case we, the fickle public, could soon, wave bye bye to Facebook. Not so long ago many of us loved MySpace. Last year it was sold for a relative pittance as people moved over to Facebook and left MySpace behind.
Whilst buying stocks in Facebook in the short term should be a good investment, long term it could be a different matter. According to the LA Times, "Facebook is expected to raise $10 billion in the offering, giving it a market capitalization of $100 billion. Google, by comparison, raised $1.9 billion in its IPO in 2004". Big bucks indeed.
Founder of Facebook Mark Zuckerberg, still only aged 27, will join the ranks of the richest men in the World after the stock floatation. Trading is expected to be fast and furious on the day with many hoping to make money almost immediately.
Facebook's wealth lies in the users personal information and its value to advertisers and the like. Although the day of the stock market float is still not known it is predicted that it will be before April 2012, due to US Federal financial rules.
The Occupy Together protests of yesterday, October 15, 2011, had a mixed response. In Italy a runaway contingent of trouble makers were blamed for a heavy police response. Some of the 951 cities affected world wide saw thousands of people demonstrating whilst others experienced hundreds.
In London some protesters claimed that the police became heavy handed unnecessarily.
After trying to protest in the financial district of London protesters made their way back to St Paul's where they hoped to set up camp. The police had a different idea in mind. A police spokesperson has since said that they were trying to protect the fabric of the building.
Today the Minister at the cathedral asked the police for calm. It seems that true Christian spirit is alive in at least one person. Perhaps he was remembering Jesus and his response to the money lenders in church?
Last night a few thousand protesters were outside the cathedral and today about 500 remain. These are setting up camp. It is early days for these protesters and it could go either way. One young man raised a smile with TV news readers as he said he would have to leave by Monday to go to work. However this just proves that dismissing the protesters as lazy no-hopers is totally wrong.
He is lucky to have a job and sensibly is looking after it. That is not to say that his future is assured. Far from it.
Protest in the capital of the Tyrol region, Austria