FB!
As a younger employee for Princeton Properties I may have grown up in a different generation than my co-workers. A major difference that I have noticed is the amount of technology I was exposed to at a young age. In elementary school I had computer lessons, middle school was full of late night AIM chat conversations and Myspace was all the rage in high school. Then there was college, where Facebook and Twitter became popular and I actually took a Social Networking class.
Being in the Rental Industry social networking is a great source of communication and outreach in order to bring awareness to our communities. This week Facebook went through a big change when it became an IPO, initial public stock offering, early this morning. Yesterday Facebook priced its stock at $38/share, a large offering which makes sense considering the internet phenomenon company held off from going public in 2009 for a much lower price.
Too bad we all didn’t know Mark Zuckerberg during his time spent at Harvard Univeristy where he created the dynamic website and we could have invested money into Facebook like venture capitalist Peter Thiel. “Thiel, who sits on Facebook’s board of directors, invested $500,000 in the company in 2004. He’s selling nearly 17 million of his shares in the IPO, which means he’ll get some $640 million. He will hold on to about 28 million shares, worth $1.06 billion.” (Ortutay)….our investments on a lower scale of course.
Check out the Nasdaq Stock Market if you’re interested in investing in the online social networking company that our industry so heavily relies on, ticker symbol FB!
http://www.google.com/hostednews/ap/article/ALeqM5jbVKr7ByZMMdfGGNn_VVhNrZ1LXg?docId=a8e59de6ce6e4810b2646adec1083c2b