Aren’t we all internet explorers?
i’m not ready for the internet
Facebook, the vast online social network, took its first step toward becoming a publicly traded company on Wednesday as it filed to sell shares on the stock market. The service, hatched in a Harvard dormitory room nearly eight years ago, is on track to be the largest Internet initial public offering ever — trumping Google’s in 2004 or Netscape’s nearly a decade before that.
In its filing, Facebook, which has more than 845 million users worldwide, said it was seeking to raise $5 billion, according to a figure used to calculate the registration fee. The company will seek to have the ticker “FB” for its shares, but did not list an exchange.
But many close to the company say that Facebook is aiming for a far greater offering that would value it near $100 billion. At that lofty valuation, Facebook would be much bigger than many longer-established American companies, including Abbott Labs, Caterpillar, Kraft Foods, Goldman Sachs and Ford Motor.
…The filing sheds some light on how its meteoric run has turned the upstart into a formidable money-maker. The company, which makes the bulk of its money from advertising and the sale of virtual goods, recorded revenue of $3.7 billion last year, a 88 percent increase from the prior year. During that period, Facebook posted a profit of $1 billion. It is still a fraction of the size of rival Google, which recorded revenue of $37.9 billion last year, but many analysts believe Facebook’s fortunes will rapidly multiply as advertisers direct more and more capital to the Web’s social hive.
” The New York Times, “Facebook Files for an I.P.O.” (via inothernews)That day when the U.S. Government turned into Eduardo Saverin.
You better lawyer up assholes, cause I’m not coming back for megaupload, I’m coming back for everything.
![capsizedturtles:
thedailywhat:
We Sleep In Public of the Day: The “FBed” is a design concept by Croatian graphic designer Tomislav Zvonarić that allows you to “always to be up to date and close to your online friends even when you sleep.”
The bed comes complete with a built-in Facebook terminal that lets you begin posting status updates as soon as you wake up. Or just before you go to sleep. Or while you’re spending all day in bed because why get up.
“The greatest trick the devil ever pulled was to convince he was a Facebook-themed bed.”
[behance.]
this looks severely uncomfortable.
So I love facebook a lot and all but this is just really terrifying.](http://25.media.tumblr.com/tumblr_ly2epriHsS1qzpwi0o1_1280.jpg)
We Sleep In Public of the Day: The “FBed” is a design concept by Croatian graphic designer Tomislav Zvonarić that allows you to “always to be up to date and close to your online friends even when you sleep.”
The bed comes complete with a built-in Facebook terminal that lets you begin posting status updates as soon as you wake up. Or just before you go to sleep. Or while you’re spending all day in bed because why get up.
“The greatest trick the devil ever pulled was to convince he was a Facebook-themed bed.”
[behance.]
this looks severely uncomfortable.
So I love facebook a lot and all but this is just really terrifying.
WHY WE SHOULD BE SCARED OF SOPA: THE MOVIE
Here’s a really easy-to-understand mini-doc about PIPA and SOPA from New Left Media.
Check it out.
This Is Important, You Should Know About It of the Day: The despicable Internet Blacklist Bill — known as the “PROTECT IP Act” or S. 968 in the Senate and the “Stop Online Piracy Act” or H.R. 3261 in the House — has been discussed on TDW in the past, but crunch-time is upon us as Congress officially began holding hearings today on the most harmful Internet censorship legislation of our time.
An informative video on the bill’s many ills has been posted above, but, in brief, the legislation, if passed, would essentially hand the Internet over to corporations, allowing them to sue and shut down any website that so much as hosts a link to copyrighted material.
Internet Service Providers could be forced to block social media sites, search engines could be required to delete results, and startups could lose their funding — all on the whim of the copyright holder.
Perhaps most distressing of all, however, is the fact that this bill, in true Orwellian fashion, does nothing to prevent actual piracy. The only thing it will succeed in doing is turning the Internet into a dystopic plutocracy where people are no longer free to share ideas and be creative for fear of running afoul of Big Business.
Despite what some would have you believe, the hearings are offensively lopsided, with pro-SOPA voices far outweighing those opposed. A slew of tech companies including Google, Yahoo!, Mozilla, Twitter, and AOL, have undersigned a full-page ad in today’s New York Times opposing SOPA, but it’s doubtful their voices will be heard by those who need to hear it.
That means it’s up to you to get this terrifying, jobs-killing, Internet-breaking bill off the table for good. Here are a few things you can do:
— Reach out to your representatives in congress. Despite what they might think, they work for you. Remind them of that by e-mailing them this form letter (good), or look them up and write them a personal, heartfelt letter (even better).
— Sign this petition, and also this one.
— Share this post and/or the video above.
— Get the word out any way you can, because, soon, you may no longer be allowed to.
