Facebook last week announced its Initial Public Offering — exactly the event I said wouldn’t happen in one of my controversial predictions for 2012. But I’m sticking with my call on this one since we’re 2-3 months from the actual event and a lot can happen to screw things up between now and then. I’m pretty sure Facebook shares will be trading sometime this year, I just don’t think the company will have a traditional IPO.
Companies go public for three reasons: 1) to raise capital for various corporate purposes like acquisitions and paying down debt; 2) to secure the wealth of founders, giving their kids something to fight over, and; 3) because they have over […]
This is my third and (I hope) last column in a series on education. If things work as planned this is where I’ll make some broad generalizations that piss-off a lot of people, incite a small riot in the comments section, after which we’ll all feel better and switch to discussing the Facebook IPO. So let’s get to it. I believe that education is broken in the U.S. and probably everywhere else, that it is incapable of fixing itself, and our only significant hope is to be found in the wisdom of Sharon Osbourne.
There is no joy in Round Rock.
