Facebook goes public
Lawrence - It’s Facebook’s big day. Facebook has consumed the lives of people all over the world, from connecting with friends to business operations. It’s changed the way people connect and reconnect with others.
It’s now public, meaning those with accounts can own part of the company. It’s priced at $38 a share, and officials say at this price, the social media site will raise $16 billion. Many are wondering how going public will affect Facebook users. “A few weeks ago Facebook tried an experiment where they charged users $1 to $2 to actually make their post public,” says KU Associate Professor Kissan Joseph. And though that specific change not might stick, researchers say it will monetization the way it’s used, and with the public owning shares, they’ll be able to weigh in on the decisions the company might make.
“You could see more advertising pushed at you, and more apps could be pushed at you,” says Joseph. “Expect to see more monetization
.”