January 31, 2012
in No Hurry to Go Public
Well as you and I know there are many assumptions and speculations of whether or not Facebook will become part of the public sector in the US. As stated in the article read (In No Hurry to Go Public), I understood Mark Zuckerberg (Facebook CEO) that he is in no hurry to make his company public as of now. Furthermore, Zuckerberg acknowledges that it is inevitable for this step to happen with his firm. Moreover, any private firm who is out there today at one point had this same problem, and most of them made the decision to be public base on better financial increase for their firm. Also, If Zuckerberg decides to make his company public he will be consider one of the richest men under the age of 30. Even though, this is going to benefit his pockets and his workers, Zuckerberg decision it is extremely difficult, because in doing so he loses many power. To explain once a company goes public they have more limitations by the government and need to be reliable to the shareholders and provide information when it comes to making decisions. Currently as I read on The New Zealand Herald Facebook is band on China as it is believe by the government of China to have sensitive content. In addition, by Facebook opening their site on China they will add 500 million internet users as Zuckerberg stated. To add, Zuckerberg also stated that "Honestly, it's not something I spend a lot of time on a day-to-day basis thinking about now," he said. As a manager of an entrepreneurial company, business or firm you own you are free to make the decisions you make without having many responsibilities to tell workers, and other partners of the decisions being made by you. On the other hand, as stated in the article read “The regulatory demands placed on managers of public firms can sometimes distract managers from important aspects of running their businesses”. As you can see it is extremely difficult...