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Forum Post: Facebook IPO - another example of 1% dominating the 99%

Posted 2 years ago on May 16, 2012, 2:27 p.m. EST by Imamoderate (0)
This content is user submitted and not an official statement

Here is a real chance to show the power of the 99%. In a couple of days, the 1% is going to get even richer, yet again, off the backs of the 99%. Use social media to convince enough people to cancel their Facebook accounts before the IPO hits and watch the stock price crumble. This movement has a worldwide reach... use it and shake the pillars of wallstreet.

17 Comments

17 Comments


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[-] 2 points by stevebol (1269) from Milwaukee, WI 2 years ago

Everyone should avoid having a facebook account. Zuckerberg is a gifted programmer, no doubt, but $17 billion? He deserves to be wealthy but let's get real.

[-] 1 points by monetarist (40) 2 years ago

And who are you to decide how wealthy he should or should not get? Would you like my opinion on what your net worth should or should not be?

[-] 1 points by stevebol (1269) from Milwaukee, WI 2 years ago

You have a point. I'm OK with facebook making an infinite amount of money. Like you said, who am I to decide? I think the site is a joke but obviously many don't share my opinion.

[-] 1 points by monetarist (40) 2 years ago

Yeah I always have a point. FYI, I find FB very useful. It saves me the pain of meeting people in person and I can still have up to date info on them without having an active interest in their silly lives

[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago

friendsters forever

oh crap they took my kidney

[-] 1 points by infonomics (393) 2 years ago

Another example of the 99% willingly creating another for inclusion in the 1%.

[-] 1 points by GreatTrue5 (-3) 2 years ago

Public traitors in deep mourning. IPO is successful. I congratulate Zuckerberg. Facebook will live.

[-] 1 points by SparkyJP (1646) from Westminster, MD 2 years ago

Facebook Sued for $15 Billion in Suit Over User Tracking

Facebook Inc. (FB), which is scheduled to begin trading today, was sued by users of its social network in an amended class-action case claiming the company invaded their privacy by tracking Internet usage and seeking $15 billion.

The lawsuit, filed in Federal Court in San Jose, California, combines 21 cases filed across the U.S., according to a statement by Stewarts Law US LLP, one of the firms leading the claim. It accuses Facebook of improperly tracking users even after they logged out of their accounts.

“This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications,” David Straite, a Stewarts Law partner, said in the e-mailed statement.

http://news.cnet.com/8301-1023_3-57437060-93/facebook-sued-for-$15-billion-over-alleged-privacy-infractions/?Media

[-] 1 points by monetarist (40) 2 years ago

So you are unhappy because a bunch of really smart engineers, who joined Facebook when it was a small startup, are getting rich?

I call that jealousy.

A lot of these engineers are people like you and me (two of my friends joined FB when they had less than 30 employees), Zuckerberg himself was a college dropout. He is now a 1% because of Facebook and not the other way round. He could have easily been just another engineer or just another guy whose startup flopped.

You should be applauding that so many non 1%-ers are getting into the 1% club. Instead you are seething with jealousy.

[-] 1 points by CameraClick (2) 2 years ago

I'm a tad confused on what people want or have deleted their Facebook accounts

[-] 1 points by SparkyJP (1646) from Westminster, MD 2 years ago

Police surround NY Federal Reserve after 'End the Fed Flash Mob' Facebook post

http://www.youtube.com/watch?v=MjKh1CEeSfE

[-] 1 points by SparkyJP (1646) from Westminster, MD 2 years ago

I canceled over a month ago when I heard about the IPO. Most companies create a product and sell it. With FB .......... "You Are The Product"

[-] 1 points by oscarwonders819 (3) 2 years ago

Does anyone know if there's a person/group of people who know about many aspects of this organization? I have a few questions that I really need answered. This is a really smart idea, by the way.

[-] 1 points by Pequod (17) 2 years ago

Now this could work, but FB is basically an addiction.

[-] 2 points by dan1984 (108) from Cumberland, MD 2 years ago

I managed to delete my FB. I still have a twitch in my right eye, but that's all.

[-] 0 points by Krowell (-69) 2 years ago

We are behind you, cancel your facebook accounts, OWS. Where is everybody on this topic. This is important.

[-] 2 points by cJessgo (729) from Port Jervis, PA 2 years ago

I got off last winter.If memory serves me it takes fifteen days.You can not go back in that time or it reactivates.