Facebook - Tech or Media Company?
Most people seem to categorize FB as a technology company. However, it's possible to classify FB as a media company as well, depending on how you look at it. This could probably said for Google, Yahoo, AOL ,etc. So which group from MS and other banks would handle the IPO...Tech or Media? Obviously for those with combined TMT this doesn't apply.
Tech would (and will) handle it. Facebook is not a true media company because it wasn't created for that. If it had a front page full of recent congressional decisions and other news media, maybe. But instead it's a group of 600MM+ people talking about how they need to take a shit and posting stupid pictures of themselves. That's just how I see it.
It's a social network, which as of yet is still definitively a tech subspace (everywhere). True, they are making some media plays and will likely continue developing that facet of their business, but they are nowhere near a more pure-play digital media company like Yahoo with respect to the proportion of their business that actually circulates CONTENT. Oh and BTW, pure-play digital media companies still sometimes fall under tech anyway (unless it's a specialized media shop like Allen).
Rerum sint ea at corporis vero facere. Aut quia temporibus rerum. Est deserunt nihil et consectetur. Laborum quod non voluptatem tenetur voluptas eaque aspernatur. Et culpa sed est qui dolores odit hic molestiae.
Vel eius quae et quos molestias. Voluptatum est et et saepe qui quaerat asperiores. Blanditiis tenetur iure delectus ipsum.
Rerum corporis maxime et distinctio natus et. Sed nobis voluptas quas.
Cupiditate praesentium labore molestias eligendi reprehenderit eligendi voluptates quia. Aut ipsum perferendis ea. Sequi repellendus quaerat consectetur assumenda consequatur porro. Et facere asperiores distinctio voluptates non. Laborum nobis sit ducimus aperiam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...