FaceBook criticism is nothing new. In fact, there’s an entire Wikipedia page dedicated to it, which began, interestingly enough, in 2007 – a mere two years after the company, under CEO Mark Zuckerberg, settled a lawsuit with brothers Cameron, and Tyler Winklevoss, and Divya Narendra claiming that he had stolen the idea for the company, which at the time was valued at US$10 Billion. It’s now worth more than 40 times that.
FaceBook’s IPO was May 21, 2012, opened selling at $26.21 per share, and now trades around the $150 mark. The last time it was near that price was June 12, 2017, while the highest it’s ever been was $190.28 on January 29, this year. So this momentary decline is a mere hiccough, or passing fancy of algorithmic computer-based trading, from which humans are largely excluded. FaceBook’s market capitalization, aka “market cap” is very nearly $450 billion, which is the total dollar market value of a company’s outstanding shares.
Less than a year later, in 2013, FaceBook was resoundingly publicly criticized for not having protections in place to guard against online stalking, child sexual predators, and bullies after loosening restrictions on Read the rest of this entry »
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