Is Facebook mutating into a money-making machine?

I just heard about the upcoming Facebook IPO via mashable and needed to write a quick post about it as I feel that this development has a significant CSR angle to it.

The CSR angle of the Facebook IPO

The big problem I see is that Facebook is getting to powerful and influential due to its extreme high valuation ($15 billion USD+) and the consequential interest of global investors that are after one thing only: Making lots of money.

Facebook’s purpose in my view, is to provide us with a platform to connect with our friends and family. And to me it seems that an IPO will in a way sell our personal information and relationships to the shareholders of Facebook. And this is not right. It is actually very wrong.

As a responsible business Facebook should focus on providing us with the best possible personal global social networking site and not mutate into a global money-making machine out to let us pay for premium features or inundating us with the latest PR exercise of a global car manufacturer for example.

I really like Facebook don’t get me wrong but if Facebook will mutuate into this money-making machine once it is a publicly-listed company, then I am surely leaving it for good as I do not want to be part of this website anyone.

This is my view on this. What is yours?


No Comments

  1. for sure facebook will add value to his company by making an IPO last but not least it is up to the user willingness to not disclose the information/data that the user have to facebook. Since this platform look for more financial return by using social "assets".

    1. True. But my concern is that Facebook will become something like a "big brother" as it gets to big and powerful. Privacy is one of  a lot more aspects.

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