Interesting integrity debate this was. Essentially, there was a business that was in the midst of closing down a certain division where business wise they got money from customers who pay for their services. There has been reports that the company may be closing but publicly they told people that there were no intents in closing. So in the meantime people continually spent money with them. Sure enough, not too long after the business decides to close which left a lot of disappointed people who continued to spend money with them where they wouldn’t have if they knew they were closing earlier.

That then brought up two sides of the debate where one some people thought it was okay as from a business point of view you want to get as much money out of people as possible even at your last moments and being fully truthful and upfront in this case would have resulted in no money. The other side thought that while you may get money this way it is probably a PR nightmare for if any executive associated with this business then goes on to try and create anything new.

I would be inclined to agree where if you are about to close unless you plan to retire from everything I can only see trying to mislead people to get every last penny from them can only lead to more difficulties in your future endeavors. It’s really interesting at these times when these types of people open up new business under different aliases as well.

I’m sure pretty much everyone has been reading about Facebook’s IPO today. From what I gather it feels like it didn’t live up to the hype compared to say when a company like Google went public. I never had the knowledge to venture into things like this as I would imagine it must be like gambling in many ways not knowing really when to buy or sell your shares. The only time I have literally owned shares in a company was through my employment for a company as it was simply a benefit for working with them.

Funny thing was you get all these fancy reports and all that ironically I never read as my inclination was to always try and find third party feedback about the business to see how it was doing in the eye of the general public as I felt working in there was enough to tell me what is really happening inside versus what someone in a suit wanted me to believe. With this Facebook IPO it seems like most of the talk is that if they want to make their money that is going to mean that they are going to have to annoy their users more in some way such as finding more ways to throw advertisements at people.

Too bad I don’t know anyone personally who has invested in this as it would be fun to see their thinking and research process to see when they are comfortable in keeping stakes in the company and when they would want to bail out.