Facebook Eyes China
Facebook is on the march in China as the social networking company is looking at ways to expand and dominate.
It was at the Global Technology Summit that the news was spread out by Chief Operating Officer Sheryl Sandberg who took the time to let Reuters know what was going on.*Sponsored Links*
Added to that excitement is that word about Facebook’s plans of going public were also discussed. Linkedin the other social media network has stocks out and people are gobbling it up, however, Facebook hasn’t gone public yet and when they do it will be a tsunami for the stock market.
With Facebook on charge to capture China, the amount of the company’s value should shoot through the roof of the roof. However, some speculators believe such offerings will create another internet bubble that will burst. This might be true as news that close to $55 billion in venture capital is being targeted to new web based companies in hopes of starting the next Facebook or Twitter, experts fear the whole thing will collapse as investors jump at every windbag boast out there.