Facebook Could Spawn Thousands of Milionaires 434
Hugh Pickens writes "Retuers reports that the world's No. 1 online social network is preparing for a blockbuster initial public offering that could create thousands of millionaires as Facebook employees past and present begin hatching plans on how to spend their anticipated new wealth. 'There's been discussions of sort of bucket list ideas that people are putting together of things they always wanted to do and now we'll be able to do it,' says one former employee who expects his shares to be worth $50 million and is planning to book a trip to space with Virgin Galactic that would cost $200,000 or more. 'It's been a childhood dream.' Another group of Facebook workers has begun laying the groundwork for its own jungle expedition to excavate a relatively untouched site of Mayan ruins in Mexico that sounds like Raiders of the Lost Ark. But for many of Facebook's staffers, the IPO will provide the means to pay off school loans and buy a house or new car and many homeowners and real-estate agents are eagerly anticipating a surge of new buyers that could push prime real estate to new heights. 'If a Facebook guy buys a house and wants to remodel it, maybe the contractor will buy another car,' says Buff Giurlani. 'Maybe the realtor will put a car in. There's a trickle-down effect.'"
Thousands of millionares? (Score:5, Funny)
Re:Trickle down? (Score:5, Funny)
As for FB, my bet is still that it goes the way of MySpace before too long.
Especially when the staff is off playing Raiders of the Lost Ark in the Yucatan.
Re:Yeah right. (Score:5, Funny)
Sarcasm is truly lost on anything related to stock market, or US economy in general.
Re:Trickle down economics. (Score:5, Funny)
The reason why people are suspicious of trickle down economics is that when you're being trickled upon, the only thing you see above you is cunts and assholes.
Not dicks?
Re:Trickle down? (Score:3, Funny)
Re:What money? (Score:4, Funny)
Somebody confuses an IPO with quantitative easing is well grounded in economics?
Re:Bull (Score:5, Funny)
here in europe, what you call "liberals", we call "normal people".
Re:No bubble here. (Score:5, Funny)
What are you talking about saturation? They're still growing like crazy. In the past four years their userbase has grown from 20M to 800M users. At that rate, over the next four years they will grow to 32 Billion users! The profit potential in that is something the world has never seen! In fact, with those users in hand, their revenue might match Apple's 2010 numbers -- but why mention has-beens such as Apple and Google, when clearly Facebook is the stock set to move after its 2012 IPO!