Let the (Social Media) Madness Begin…

We’ve let you down. It’s not for a lack of desire.

As economic development professionals, we often talk about community engagement — whether that’s through public forums, surveys, client case studies, etc. However, there’s one community we always have on our minds — a community we hold near and dear to our hearts, that, at times, is neglected – our social community. You. And, again, as economic development professionals, we all know what happens when a community is neglected, and are working to change this. Beginning now. Continue reading “Let the (Social Media) Madness Begin…”

Numbers Behind the News: $100 Billion

 

Facebook has moved forward with an IPO that could be among the largest in the U.S. and at the least will dwarf Google’s 2004 IPO.  Facebook was launched only six months before Google’s August 2004 IPO.  The pessimistic outlook suggests that Facebook would hit a market value of $75 billion, which would make it the 35th largest company, but if it breaches the $100 billion barrier it could move ahead of Merck for the 25th spot.  Some analysts expected to see revenues around $4.3 billion and were disappointed in the  $3.71 billion sales figures released in the IPO.

Some other notable numbers from the IPO:

  • $1 billion profit (fails make the top 50)
  • 845 million users worldwide (would be the world’s 3rd largest if it were a nation)
  • 250 million photos are shared per day (a printed stack of these photos would more than 27 miles high)
  • $114 million spent on R&D (would be the 123rd largest research university in the U.S.)