Facebook is set to go public soon, and while this might be good news to Mark Zuckerberg, it kind of puts things in perspective for the rest of us. Techcrunch did a simple calculation to determine how much the average Facebook user (yes, you too!) is worth in terms of money. Be prepared to feel rather insignificant after the jump.
There are two ways of taking out your competition: offer a similar, yet superior and/or cheaper product than your opponent. Or simply buy the entire rival business and start offering its service as your own. The latter happened yesterday when Mark Zuckerberg announcd that Facebook is about to buy Instagram for $1 billion.
Facebook, the world’s largest social-networking service, could file for its initial public offering as early as Wednesday this week. It’s a move that has been on the cards for some time, but the rumour pot is now starting to boil more consistently.