Aer Lingus From Ireland, joined Mar 2001, 524 posts, RR: 5 Posted (2 years 5 months 1 week 5 days ago) and read 4310 times:
Just got a message from a friend saying that Facebook will be no more on March 15th 2011.
I don't know if the source is trustworthy but it seems Facebook will be shut on March 15th.
After finding some of my old classmates recently in Facebook, after so many years some of them had moved to a different country and the best way to keep contact with them is by Facebook. I hope the story is not true because if Facebook really shuts down, loads of people will lose contacts.
While Facebook is worth billions, would there be a buyout from someone to save it?
Saving Facebook would mean that we won't lose contact with families, colleagues, friends, classmates.
planeguy727 From United States of America, joined Mar 2007, 1077 posts, RR: 1 Reply 2, posted (2 years 5 months 1 week 5 days ago) and read 4296 times:
MadameConcorde From San Marino, joined Feb 2007, 10350 posts, RR: 40 Reply 7, posted (2 years 5 months 1 week 5 days ago) and read 4234 times:
I would really have a hard time believing such news.
Think of all the lost money if they ever close down.
They are worth more than Google.
Isn't Facebook worth $50 bn?
There was a better way to fly it was called Concorde
Quoting BMIFlyer (Reply 3): Erm, you know that this is a joke, right?
Thanks for the quick replies and the links! As I already said on the post I don't know if the source is trustworthy. After seeing the source my friend gave me. I felt it was strange for something which worth billions to shut down. Now everything seems to be clear. Thanks guys for your help!
This is the website of an infamous trashy tabloid magazine filled with all sorts of rubbish disguised as "news". In some ways, it is "The Onion" taken to the extreme (although Weekly World News predates that publication by about 9 years).
I wonder how many times that link will get posted on Facebook today...... If any of my friends post it, I've got the Snopes link ready to go.
Quoting skidmarks (Reply 4): Does anyone keep count of the times this sort of rumour surfaces? it become a new hobby - Facebook Rumour Spotting!
Usually it's stuff like Facebook is about to start charging $X/a month to use the site or Facebook is removing a popular game from the site.
IH8BY From United Kingdom, joined Jun 2005, 1120 posts, RR: 3 Reply 10, posted (2 years 5 months 1 week 4 days 23 hours ago) and read 4080 times:
Quoting srbmod (Reply 9): Usually it's stuff like Facebook is about to start charging $X/a month to use the site
Invariably asking you to click on a link to some dodgy site/script, get an application, or Like a page, with the promise that this will halt the otherwise inevitable disappearance of Facebook...
Quoting srbmod (Reply 9): or Facebook is removing a popular game from the site.
Ever wished that some rumours would come true?
Have you ever felt like you could float into the sky / like the laws of physics simply don't apply?
hka098 From United States of America, joined Oct 2010, 556 posts, RR: 0 Reply 11, posted (2 years 5 months 1 week 4 days 23 hours ago) and read 4046 times:
Hmmm... I smell a wager I seriously doubt it. Wouldn't be surprised if they went public in March.
rfields5421 From United States of America, joined Jul 2007, 6192 posts, RR: 25 Reply 13, posted (2 years 5 months 1 week 4 days 23 hours ago) and read 4022 times:
Quoting hka098 (Reply 11): Wouldn't be surprised if they went public in March.
There is no reason for the people owning most of Facebook to sell, or go public.
The company is making a lot of money, and paying nice bonuses to the owners and investors.
The founder and his key management team have been very up front that they do not want to change jobs. Because when a company goes public, the CEO and top management job is no longer innovating and running a top flight technology company. Their job changes to working to keep shareholders and investment analysts happy.
hka098 From United States of America, joined Oct 2010, 556 posts, RR: 0 Reply 14, posted (2 years 5 months 1 week 4 days 23 hours ago) and read 3987 times:
Quoting rfields5421 (Reply 13): Their job changes to working to keep shareholders and investment analysts happy.
Which is the most curious part. A company that prides itself on connecting people and being open wants to keep the books quiet. Sooner or later the SEC is going to want to take a look. I am glad that I am not heavily vested in Facebook.
luv2fly From United States of America, joined May 2003, 11957 posts, RR: 51 Reply 15, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3958 times:
Quoting hka098 (Reply 14): Which is the most curious part. A company that prides itself on connecting people and being open wants to keep the books quiet. Sooner or later the SEC is going to want to take a look. I am glad that I am not heavily vested in Facebook.
You do know that Facebook is a "private" company and the SEC has nothing to do with it.
flanker From United States of America, joined Aug 2005, 1612 posts, RR: 2 Reply 16, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3948 times:
Quoting Aer Lingus (Thread starter):
Just got a message from a friend saying that Facebook will be no more on March 15th 2011.
Damn it I should've sent you an email stating I am from Kenya and require immediate fund transfers
Calling an illegal alien an 'undocumented immigrant' is like calling a drug dealer an unlicensed pharmacist
hka098 From United States of America, joined Oct 2010, 556 posts, RR: 0 Reply 17, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3932 times:
Quoting luv2fly (Reply 15): You do know that Facebook is a "private" company and the SEC has nothing to do with it.
So, being private exempts them from any kind of regulation? That explains the financial crisis.
ALTF4 From United States of America, joined Jul 2010, 1150 posts, RR: 4 Reply 18, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3918 times:
Quoting hka098 (Reply 17): So, being private exempts them from any kind of regulation? That explains the financial crisis.
Not sure where to begin here.
You might read up on the difference between public and private companies.
The above post is my opinion. Don't like it? Don't read it.
EMBQA From United States of America, joined Oct 2003, 9292 posts, RR: 12 Reply 19, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3912 times:
There actual value is near zero. They provide a free service and the only income comes from advertising and like many internet stocks they are very risky
[Edited 2011-01-09 12:34:49]
"It's not the size of the dog in the fight, but the size of the fight in the dog"
hka098 From United States of America, joined Oct 2010, 556 posts, RR: 0 Reply 20, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3907 times:
Quoting ALTF4 (Reply 18): You might read up on the difference between public and private companies.
Probably should, but I don't care. I am not a stock owner, nor have any such desires. Either way, I find it tough to believe they can just do what they want without any kind of oversight.
rfields5421 From United States of America, joined Jul 2007, 6192 posts, RR: 25 Reply 21, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3903 times:
Quoting hka098 (Reply 17): being private exempts them from any kind of regulation?
No - only from the financial oversight of the Securities and Exchange Commission.
They still have to comply with any other government regulation - i.e.: wage and hour, safety (OHSA), environmental, etc.
Private companies are a small but substantial part of the economy. Their financial situation and communication with their owners is not subject to regulation. But they are also restricted from a great number of activities, and sources of funds to grow, expand.
hka098 From United States of America, joined Oct 2010, 556 posts, RR: 0 Reply 22, posted (2 years 5 months 1 week 4 days 22 hours ago) and read 3898 times:
Thanks for the info. I wonder if Goldmann Sachs were not such a large investor would Facebook consider going public? Besides, what about the talent behind Facebook? Many of the staff there left good-paying jobs at Google, Microsoft to join Facebook and get in on the IPO. If that doesn't happen, they may walk taking their expertise with them.
type-rated From United States of America, joined Sep 1999, 4398 posts, RR: 20 Reply 23, posted (2 years 5 months 1 week 4 days 20 hours ago) and read 3744 times:
Quoting EMBQA (Reply 19): There actual value is near zero. They provide a free service and the only income comes from advertising
and selling all your demographic and location data to anyone who wants to use it for any purpose, as long as they pay.
Once you are on Facebook all your browsing information is tracked by them. They know what websites you look at and how often you look at them. It's a complete invasion of privacy.
Ever try to remove yourself from Facebook? Ha! Two weeks? Give me a break.
Fly North Central Airlines..The route of the Northliners!
okie From United States of America, joined Jul 2003, 2410 posts, RR: 3 Reply 24, posted (2 years 5 months 1 week 4 days 20 hours ago) and read 3728 times:
"Ceaser beware the Ides of March"
Okie
25 Fly2hmo: You know the world is going to end on 2012 too right? I hope you've made preparations.
26 ShyFlyer: If Facebook ever shuts down, it will shut down like a lot of companies do: suddenly and without much (or any) warning. ::poof::
27 Silver1SWA: I didn't realize people still believed this stuff. I thought we had gotten used to these hoaxes in the MySpace days...
28 LH526: For one, I can't believe how some people stil by this hoax crap, for another it's a pretty bad example when you "loose contact" to your friends and f
29 lhr380: I cant recall the last time I sent a letter. I text mates, call and catch up in person with them when I can, but being a shift worker, and having fri
30 LH526: Sure, FB is way more convenient and faster, however I know that you can keep a very healthy relationship with your friends, families and beloved ones
31 wexfordflyer: I knew when i read the thread tittle that it couldn't be true. Then I read that it was reported in the Weekly World News and my suspicions were confir
33 tugger: Ummm.... Google has a market cap currently of almost $200 billion, Facebook is most certainly not more valuable than Google and likely never will be.
34 aluminumbird777: So did I. My last day was 12/31/2010. Well...I'll be back on in December 2011 for all those who wonder where I went or are too lazy to ask someone fo
35 TheRedBaron: Facebook is a fad.... 4 years from now it will be worth nothing... Real friends are found in real life not online....
36 rfields5421: I find that I was wrong based on recent news stories - http://money.cnn.com/2011/01/21/technology/facebook_funding/index.htm. Facebook is preparing t
37 DocLightning: My real friends are scattered all over the world. Each and every one of them is a flesh-and-blood person who I personally have met and who I personal
38 Fly2HMO: Somewhat. While I see where you're coming from, realistically how many do you actually regularly keep in touch with? I have barely over 100 friends,
39 DocLightning: Many, not all. But they are available to me, and that's what counts. I get sick of people trashing Facebook. Don't like it? Don't use it. Easy.
40 wexfordflyer: Facebook is not necessarily about finding friends (not for me anyway) but it's a great (easy and cheap) way of keeping in touch with friends. I have
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