Silicon Valley never seems to learn. It’s always looking for the next big thing that will change the world and everyone’s bank accounts. The latest? Facebook and its Friday IPO, which is expected to value the social media company at $16 billion, making it one of the largest IPOs in history. Investors want in on the action so much that Facebook has increased the number of shares it will sell.
Facebook does many things extraordinarily well. It has an uncanny ability to attract users, to redefine personal interaction and to transform marketing. But it is also just a company, not the next revolution–as in an industrial revolution or a digital revolution.
To help put things in perspective, we put together a new series, Facebook’s Golden Promise: A Reality Check
If you only watch one video, be sure it’s this one: