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Old 02-01-2012, 12:27 AM
 
Location: Los Altos Hills, CA
36,660 posts, read 67,548,962 times
Reputation: 21244

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Let's not count our chickens before they hatch. LOL.

But this is going to be good for the economy and there are already stories on the news about an anticipated boom in the sales of upscale homes on the SF Peninsula, which will translate to lots of home improvements, home expansions, tear downs and new construction projects and that kind of work is much needed.

Facebook IPO to spark valley economy - San Jose Mercury News
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Old 02-01-2012, 05:20 AM
 
25,619 posts, read 36,712,723 times
Reputation: 23295
Is it just me or did they make Zuckerberg look like a Greek God in that pic.

That head shot also reminds me of the Statue of David.
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Old 02-01-2012, 10:57 AM
 
844 posts, read 2,102,196 times
Reputation: 488
It will also make a ton of people poor when the stock crashes.
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Old 02-01-2012, 12:50 PM
 
1,664 posts, read 3,958,264 times
Reputation: 1879
Good! Give them the Buffet,,tax that is!!!

Facebook will save the Country!! Yahhhhhhh!!
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Old 02-01-2012, 12:58 PM
 
4,323 posts, read 6,286,909 times
Reputation: 6126
I think this is actually good for more neighborhoods than were called out here. With increased prices in the most desirable cities, this creates a ripple effect in the surrounding area.

What I don't agree with is the assessment that this will create wealth on Day 1 of the IPO. It is likely that many of the stock options will not vest for a while. At a minimum, I believe employees cannot sell their options until 6 months after IPO.
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Old 02-01-2012, 01:18 PM
 
11,715 posts, read 40,458,848 times
Reputation: 7586
Quote:
Originally Posted by Wing Feathers View Post
It will also make a ton of people poor when the stock crashes.
You mean my MySpace stock isn't coming back?
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Old 02-01-2012, 03:38 PM
 
24,409 posts, read 26,971,175 times
Reputation: 19998
Quote:
Originally Posted by 18Montclair View Post
Let's not count our chickens before they hatch. LOL.

But this is going to be good for the economy and there are already stories on the news about an anticipated boom in the sales of upscale homes on the SF Peninsula, which will translate to lots of home improvements, home expansions, tear downs and new construction projects and that kind of work is much needed.

Facebook IPO to spark valley economy - San Jose Mercury News
I agree it will be good for our economy and city revenue streams.
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Old 02-01-2012, 05:18 PM
 
Location: SoCal
1,528 posts, read 4,234,108 times
Reputation: 1243
Lately there's been a trend in California/Silicon Valley and they're calling it the dot-com bubble 2.0

The good thing ; well it's good

Bad thing; it'll eventually burst
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Old 02-01-2012, 05:51 PM
 
Location: South Korea
5,242 posts, read 13,081,480 times
Reputation: 2958
1,000 people are going to make a difference? In a region of 6 million people? All it will do is make rent keep going up for the rest of us while our salaries stay as stagnant as they've been for the last 4 years. It's good if you're inside the tech bubble but tech firms employ a small number of people considering how much money they make. I bet a lot of the new millionaires will cash out and retire at 35 to some small town in the middle of nowhere and take their money with them. It's what I'd do.

And trickle-down economics doesn't work. The smart new millionaires will invest their money, often overseas, and it won't make its way into the local economy here.
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Old 02-01-2012, 06:09 PM
 
1,664 posts, read 3,958,264 times
Reputation: 1879
And trickle-down economics doesn't work. The smart new millionaires will invest their money, often overseas, and it won't make its way into the local economy here.[/quote]

I agree and as millionaires they will join cults, sacrifice virgins in volcanoes and generally behave badly! It is the nature of wealth! Sad but true!
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