The Facebook IPO: billion-user ambition at a $1bn price | Michael Wolff | Comment is free | guardian.co.uk

by peterjukes

he seismic nature of the Facebook IPO can hardly be oversold. The IPO creates a currency that will allow the company to buy whatever it needs to vertically integrate all the elements of its massive appetites – to be your wallet, your phone, your search engine, your companys cash register, your entertainment portal, and your publishing platform, as well as your social life. And to do this all in a closed world of protocol enforcement, behavior monitoring and data gathering.The technology business is an ever-expanding effort at monopoly and control: Microsoft sped past Apple to grab the desktop; Google sped past Microsoft to control the internet itself; Apple reappeared to control mobile devices. Now Facebook seeks to control pretty much … well, you.

via The Facebook IPO: billion-user ambition at a $1bn price | Michael Wolff | Comment is free | guardian.co.uk.

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