What Are Your Intentions?

Do you ever wonder what people’s intentions are, based on their actions? What about businesses and their intentions?
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Photo used under a Creative Commons license.

 

Intentions of Businesses
I have been thinking about how businesses approach their audience or potential audience.  How they communicate with their clients, prospective clients, referral partners or vendors. Do they approach these activities with the intention of selling something? Do they approach the interactions with the intention of building a network or as my friend Sarah Robinson would say, building a “Fiercely Loyal Community?” [Read more…]

The Facebook IPO & Free Enterprise

Facebook

You haven’t been able to be on social media sites in the past week without seeing news about the upcoming Facebook IPO.  With Over 800 million active users – more than half of whom log in on any given day and interact with over 900 million “objects” (pages, groups, communities, etc.). Over 250 million photos uploaded every day, over 70 languages on the site. The stats go on and on, and anyway you look at them, the numbers are huge.

There is no argument that Facebook is a major player in social media, and the impending IPO could be HUGE financially for those willing to invest in stock in the leading social site.

So, why is this good news as it relates to free enterprise. it is a shinning example of how one individual can create something that becomes a platform used worldwide.  Think about it, Mark Zuckerberg decided to start the site on his own. He didn’t go to his local or federal government for help.  He made the decision to start the company, albeit for reasons not connected to success (check out the movie The Social Network – http://www.thesocialnetwork-movie.com/  for more on that); but that is not the point.  The point is, one individual created what has become the leading social media site with over 800 million active users!  That is amazing by itself; but now thinking abou the company going public and the money that it will generate for Facebook is staggering.  The point is too that he did this in a free market, free enterprise environment that we have here in the United States.  We should all be thankful that it exists and should support it as much as we can.

This also means that Facebook’s perfromance, their profits and losses will be key due to the fact that shareholders will expect results.  It should be interesting to see how that impacts advertising revenue and future changes to Facebook

Good luck to Facebook and it’s investors. Will you be buying stock in Facebook?

 

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