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Comment: That's just the free float (Score 3, Interesting) 191

By increasing the size of the IPO, they are offering closer to 15% of the shares, rather than 10%.

At a price of $34/share, the market cap will be north of $120 billion, and the price on Day 1 could spike much higher than that, when all the rubes jump into the secondary market.

Facebook may never again have a market capitalization greater than it will on its first day of trading.

Comment: Re:Heavy social media users are typically losers. (Score 2) 400

by JazzHarper (#40016907) Attached to: General Motors: "Facebook Ads Aren't Worth It"

Quoting the article that you cite, "Researcher Soraya Mehdizadeh from York University in Canada asked 100 students, 50 male and 50 female, aged between 18 and 25 about their Facebook habits."

Clearly, that is not a representative sample of 900 million people. Your unwarranted generalization is rejected.

Comment: Re:What? (Score 1) 270

by JazzHarper (#39986091) Attached to: Facebook Is Killing Text Messaging

So, if you have a phone plan that includes unlimited text messages, but don't use them as much now, wouldn't that be ADDING to the teleco's revenue?

No. Revenue is the same, whether you use the service or not. If customers are not using an unlimited service that is included in their plans, it reduces the provider's costs (very slightly), which might improve earnings, but would not increase (or decrease) revenue.

Finality is death. Perfection is finality. Nothing is perfect. There are lumps in it.

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