Source: Amazon K-10
Photo: Nokia 6230i, my first feature phone
According to WSJ and Mashable, Facebook is raising $10 billion at valuation $100 billion. This is the largest Technology IPO in history.
With 2.5 billion shares outstanding, they stock may open around $40 per share.
This valuation would yield
P/S ~ 25
P/E ~ 67
Is $40 lucrative. One word: buy them all!
My personal forecast is that on the first trading day, the price will shoot to at least twice the opening price.
Compared to recent Groupon’s IPO, Facebook provides more liquidity: 10% (vs. 5%) ~ $10 billion ~ 250 million shares. Facebook doesn’t need the trick of limiting supply like Groupon did.
Why? Groupon has been facing fierce competition from Living Social, and the business model is clouded with concerns on sustainability. Facebook, on the other hand, dominates social network and even web skeleton. Facebook’s barrier to entry include products, communities, vision and management.
There is no question to short-term speculation on Facebook IPO.
My question is: what is Facebook doing with $10 billion it is raising. Apparently, liquidity for founders and investors is never the focus of Mark.
Note on speculation:
Whether you think Facebook is overpriced is irrelevant because even if it really is it will get even MORE overpriced.
Stating the stock is overpriced is NOT equivalent to a SELL recommendation because the stock might be MORE overpriced tomorrow.
In case no opportunity cost, whether a stock is overpriced is irrelevant as soon as you can find a buyer who is willing to buy higher than the price you paid for.
It was a Digg alternative, only with better design and user experience. It also ahead of Digg in offering channels.
Mixx was subsequently acquired by UberMedia and disappeared.
An alternative to Squidoo with a better design and user experience. Nevertheless, these are not unique selling points as Squidoo comes back and clone the design of Twine.
One of the two shortest URL shorteners (the other one being z.pe which had less attractive design). u.nu claimed it failed because the site couldn’t control the contents; many used the system and shorten malicious and abusive contents. Nevertheless, bit.ly won Twitter endorsement.
A visual search engine that doesn’t run on Google. It couldn’t build up the data required for a search engine. Of course it is extremely hard to build the data close to that of Google. Bing costs Microsoft an arm and a leg. Plus, Bing goes vertical on product search. If not many people want visual aid in search, the unique selling point doesn’t pay off.
A Vietnamese content aggregator basing on information filtering and categorization. While online news is still number one Internet activity in Vietnam, maybe readers are not ready for, or even feel the need of, an aggregator that advanced.
The domain now points to LinkHay.com, a more successful product founded by the same team.
Below is the Vietnamese version of my presentation at Open Consultant offline December 2011 on Vietnam e-Commerce Outlook in 2012.
Click here to read my English version. Please note that the English version is more updated.
Blogging, micro-blogging, social news and top social networks (Facebook & Google+) have one prominent feature: followship. Followship is the key to extend our influence and authority on the Internet, namely, the more followers you have, the more widespread your information gets.
The rising power of memes has a different perspective. On the most notorious [I’m trollin’, problemo?] meme-sharing site 9gag.com and its Vietnamese clone cab.vn, follow is not a celebrated feature. As far as my best guess goes, the weight of followship in the trending algorithm is neglectable. What determines the hotness is content that is good and more importantly, framed to match the community’s culture and expectation.
In this case, followship is only mental. Influence not tied to one specific piece of content is only extended to those who remember the poster’s ID. I would ex;pect this mental capability and attention to be limited in quantity.
So, instead of spending time and efforts to build followship on these sites, one can simply post one sensational story and rally the crowd to her own scheme. Template? Nescafé!
At least that’s the mechanical side. @goldscors makes a compelling statement: you can actually mobilize the attentive group (who appreciate your influence) into extending the influence. I would imagine the case as multi-tiered viral: get the elite to spark discussions favorable to you then fuel group-thinking among the rest. Of course, this is of significantly less power than followship and sharing (retweet in Twitter, reblog in Tumblr, submit in Digg).
Even this picture of mine is a meme attempt. Implying we regress is, for all practical purpose, an act of trolling.
|iPad 2||Samsung Galaxy Tab 10.1||Winner|
|Read & Edit Microsoft Office 2010 files by default||No||
Rear 0.7mp, no flash
Rear 3mp, LED flash, autofocus, geotagging
|Icon per screen||25||35||Tab|
|Operating system||iOS 4.3.3
Apps work better in higher resolution
Upgradable to iOS 5
|Android Honeycomb 3.1
with TouchWiz UX
Upgradable to Honeycomb 3.2
|Battery||7 hours Netflix streaming||5 hours Netflix streaming||Pad|
|Apps||More apps||Cheaper apps||Tab|
As for me personally one single feature – compatibility with Microsoft Office 2010 by default – dwarves all other aspects. If I didn’t have a Samsung Galaxy Note I would definitely go for Samsung Galaxy Tab 10.1!
Messages in the format "every time someone sends the message, an [organization] will donate [amount] cents to [the cause]", accompanied by sympathetic (and disturbing) pictures, are almost always a scam.
Why would anyone do that?
Please, my friends, be mindful what you share. Be wise not to annoy your friends with these hoaxes.
I’ve seen Baskin Robbins back to Ho Chi Minh city in at least 3 locations: NTMK, Nguyen Trai, and Truong Dinh – Pham Hong Thai corner and I couldn’t refrain my excitement.
I just had Baskin Robbins today with some friends and, unfortunately, we had a few issues:
I also had a personal observation:
Unless very full to want a single scoop, I would almost always select the smallest scoop to mix multiple flavors.
I would always pick the sundae if I want 3 flavors for it is cheaper (though smaller in size per scoop).
But I’m pretty sure usual diners wouldn’t do the mental calculation like my first example.
Häagen-Dazs is opening and it will be even more expensive than Baskin Robbins. I’m holding my breath.
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