Facebook ends its work

14.12.2011

Recently the founder of Facebook Mark Zuckerberg has announced the decommissioning of the project. By March 2012 as a young millionaire stated, the company would complete its work. What guided Zuckerberg in his statements, just hard to say, but the reasons he named were complications in the management of the company.

Regular users of such site of social communications negatively reacted on the statement. It is worth noting that in a relatively short period of time – just seven years - the site got a huge audience - about 850 million users all over the world. Thus Facebook is currently in the best position among other projects, one step ahead of competitors. The main competitors of Facebook are social networking site LiveJournal, LinkedIn, MySpace, LiveInternet, etc. Among the most popular Russian web-sites of social communications we can name Vkontakte, Odnoklassniki, that every year make much more profit. If Facebook collapses, what will happen to the "voices" of his millions of users? How will they be distributed among the other social networking sites?

Expert’s opinion

“The Statement Zuckerberg made looks at least strange. The shareholders of Facebook, Inc. are:

Mark Zuckerberg — 24%

Accel Partners — 10%

Mail.Ru Group (ex. Digital Sky Technologies) — 10%

Dustin Moscovits — 6%

Eduardo Saverin — 5%

Shon Parker — 4%

Peter Tille — 3%

Greylock Partners and Meritech Capital Partners — from 1 to 2%

Microsoft — 1,3%

Li Ka-shing — 0,75%

Interpublic Group — less than 0,5%

A few number of ex and existing workers of the company among that Matt Coler, Jeff Rotshield, Adam D’Anjelo, Chris Huse, Owen Van Hatta,  Reid Hoffman, Mark Pinkus etc. — less than 1% each

The rest 30% are distributed among undetermined investors

Zuckerberg is not the sole owner of the social network, even with the largest share of the company he can not unilaterally decide to close a popular resource. This decision if realized – will cause falling of the value of shares and lead to loss of shareholder value. In fact - it's raider seizure of assets. The main asset of Facebook is people who after the closure of the resource will go to similar social networks. This alone could raise quotes alternative social networks.

Especially strange to hear this statement of Zuckerberg because of Facebook's plans for possible access to IPO. These plans were made at the end of November 2011. It was planned to attract $ 10 billion in the period from April to August 2012.

And now the statement of the main shareholder to close Facebook in March 2012 which puts an end to plans to launch the company on a stock exchange. But the access to IPO is an expensive exercise and it certainly expenses have already occurred. Intrigue. Looking forward to developments in the company which directly and personally relates to more than 850 million users."

On the basis: www.weeklyworldnews.com

Lomakin Yaroslav ( the managing partner of international consulting company Honest&Bright)