Facebook's IPO... and the Effects

An Economic Mindset writes about the effects that Facebook's emergence into the public market may have on consumers and investors in America.  But what are some of the effects that the IPO of Facebook may cause to the global economy?

Facebook has become a giant in the social networking world, but the corporation hasn't stopped there.  With games, news, and shopping available on the site, Facebook has become a place to locate around one's entire Internet experience.  Below, there is map that shows the dominant social network in each country.  Facebook, to say the least, has done well.

A map depicting social network dominance.  Facebook is anything blue or light blue. Need we say who is controlling the world's social network? (The Economist)

Now, let's try and imagine the growth potential that Facebook has worldwide. The biggest opportunity for growth is in China, which Founder Mark Zuckerberg is actively seeking a joint venture to gain entry into a country that could potentially double the amount of users on Facebook.  

What should Facebook do to ensure further market growth?  Is Facebook going public good for the global economy?

References:

1. Amano, Evan. "Facebook's IPO and the Market". An Economic Mindset.  http://aneconomicmindset.blogspot.com/2012/02/facebooks-ipo-and-market.html 
2. "Floating Facebook: The Value of Friendship". The Economist.  http://www.economist.com/node/21546020   

Consumer Confidence and the Effect on the Economy

Today, I wrote on my personal blog, An Economic Mindset, the recent release of the lowered consumer confidence rating.  I discuss the effects that can be seen in the US economy, but what about the global economy?

The initial thought that comes to mind is the progress made by the EU to establish a more fiscal policy to help with the Eurozone crisis.  But will the same problems within the United States eventually find their way to the EU?

We see the three major problems in the United States for the drop in consumer confidence: job creation, fuel prices, and the housing market.  With each of these three factors, the Eurozone can be seen to be struggling with all of them at this time.  I believe that the EU is going to have to struggle in similar matters to the United States with its development to control and growth in the European economy.

References:

1. Amano, Evan. "Consumer confidence and the Effect on the Economy". An Economic Mindset. http://aneconomicmindset.blogspot.com/2012/01/consumer-confidence-and-effect-on.html