I enjoyed this article in TIME Magazine about "Why Facbook's IPO Matters" by Time Magazine writer Sam Gustin
"Facebook’s success demonstrates the power of the Internet as a force for social connection and, over the last few years, for social and political change. This new power has three main features: it’s democratic, because everyone in the free world has access to the same internet; it’s meritocratic, because success on this platform is a function of the power of one’s ideas, not traditional categories of wealth or class; and it’s viral, because the web enables good ideas to spread at light-speed and reach millions. The democratic, meritocratic, and viral nature of the web has shaken existing power structures worldwide, so it’s not surprising that repressive regimes have responded by trying to crack down on web activity in order to clamp down on dissent. This push-and-pull between old-world, legacy power structures and upstart digital communities will continue for some time, but if you believe the digital idealists — and Zuckerberg clearly is one — history is on their side."
Read more: http://business.time.com/2012/02/02/why-facebooks-ipo-matters/#ixzz1lF186ONc
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