Facebook IPO The document discusses investing in Facebook's IPO. It notes that unlike other websites where people only visit briefly, people spend significant time on Facebook updating their profiles and interacting with friends. It also mentions that Facebook has thousands of third-party applications that generate revenue for the company and that Facebook is available on mobile devices. The document argues that Facebook is a stable platform that people will not get tired of quickly.

1. Facebook IPO
I will invest in facebook IPO because facebook is not just a website but it is a platform or an
ecosystem of ideas and thoughts. Unlike any other site where people come, find what they
want and then click away, people spend a lot of time on facebook, they polish there profile,
keep up with what their friends are posting and interact with their friends are posting and
interact with their friends via status updates.
In facebook there are thousands of third party applications that run on facebook, many of them
bring revenue to the company. Facebook and its apps also run on mobile devices and its
available whenever you happen to be. Its management system is very much stable. It’s
something which people will not get fed up off so quickly.
Hacker Culture:
“The Hacker culture is an approach that involves continuous improvement and iteration.”
Hacker culture priorities code-based solutions over theoretical arguments, practicality over perfection,
risk-taking, and iteration (creating things quickly, testing, then refining).
In hacker culture managers whose primary job will not be to write code, will also go through a program
called “Bootcamp” where they learn codebase tools and approaches.
In hacker culture moving fast enables employees to build more things and learn faster. “Move fast and
break things.” The idea is that if you never break anything, you’re probably not moving fast enough.
In hacker culture there is a saying: “The riskiest thing is to take no risks.” Which means encourage
everyone to make bold decisions, even if that means being wrong some of the time.
Another important part of the hacker’s culture are many hackathons, all-out coding marathons that
produce code everyone gets to see and comment on. Some of Facebook’s most popular features
emerged from hackathons, including the new Timeline, chat, video, the company’s mobile development
framework, and even some infrastructure elements.