So rather than belabor an already over-reported “story” let’s do a quick comparison that today’s Facebook IPO brings to the forefront. Let’s just say this is a day when we may see the real changing of the guard in the world of ‘tech’.
I put tech in quotes because while many will claim Facebook is a tech company I will say that that idea is just plain wrong. Facebook is a media / publishing company that USES technology. It is a marketing vehicle. It is not going out and reselling technology solutions to people, it is going out and selling marketing solutions to people. As a result, Facebook is looking at a $100 billion valuation and many newly minted millionaires today.