You Spent the Holidays with Facebook
Tis the season to be jolly and the folks at Facebook are certainly feeling that way now. In between all of the holiday festivities like singing carols and opening presents, people spent a bunch of time logged onto Facebook. According to Hitwise data, Facebook was the most visited website in the U.S. on both Christmas Eve and Christmas Day.
Facebook is number one
This is the first time that the social network has been the number one website in the U.S., but more importantly it shows how important social media has become in our everyday lives. It’s understandable because Facebook allows people the chance to take a breath and escape the relatives to spread Christmas cheer to all of their friends on Facebook.
The battle with Myspace is over
2009 has been a great year for Facebook. The New York Times reports that Facebook was the most popular query across all search engines. The battle between Facebook and Myspace is clearly over with Facebook reigning as the new social network heavyweight.
What’s next for Facebook?
Facebook has the potential to do an IPO. It has enough revenue and has at least neutral cash flow. With its actual finances not being in the public domain, we don’t really know how good Facebook’s finances are and therefore cannot know how ready it is to do an IPO. But that’s not a problem; it has enough cash in the bank to wait until it’s ready.
So, any company that really wants to buy Facebook and keep it from doing an IPO will have to pay big time. Only two acquirers are motivated enough and big enough to do this: Google and Microsoft.
