Three reasons Facebook has to go public

by Paul Sloan via cnet

Make no mistake: Mark Zuckerberg doesn't want to go public.

It's no secret that Zuckerberg has tried to keep Facebook private as long as possible, believing--rightly or wrongly--that that's the best way to stay nimble and build the business. But at this point, Zuck's got little choice. Facebook has become too big, it has too many shareholders, and so it's on track to go public this spring, eight years after Zuckerberg started Facebook in his Harvard dorm room.

A couple of months ago, the 27-year-old Zuckerberg assembled his top management team to talk about the IPO game plan, according to a person familiar with the situation. And now there's reportedly a heated competition on Wall Street between banks eager to take the lead role arranging the sale of what will likely be the biggest tech IPO in history. The company could file its S-1 this week.

So why now?

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You Don't Need an MBA to Invent a New Business Model

Lynda Weinman quite literally wrote the book on web design. She was 28 years old and managing a failing retail store when she first saw a computer, which her boyfriend brought home one day. She promptly closed the store and taught herself desktop publishing, opening shop as one of the first graphic designers in the world. “When one door closed, I always managed to find another way," she says. She brought the same attitude to the founding of, a website, beloved by tech geeks everywhere, which aims to teach computer skills through a self-driven curriculum of video tutorials. 


Billboard Reveals the 2012 Power 100

by Billboard Staff

Billboard found something else that Irving Azoff, executive chairman of Live Nation, can sit atop: In the January 28 issue of the magazine, Billboard unveils the Power 100, a ranking of the most powerful people in the music business.

See the Billboard Power 100, organized by number, here.

Azoff's position on the Power 100 reflects a general trend in power, away from record labels and over to the management and touring side of the business. Of the 100 slots, 23 were filled by those in management or the touring business, compared to 21 record labels.
"Ultimately the artists are in control," noted one top entertainment attorney, speaking in consultation to the creation of the list. "So whoever most influences the artist has the power. But the label role has diminished as they no longer can provide the established artists with as much cash as they used to."

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North Korea Outlaws Cell Phones

by Dave Thier via Forbes

North Korea threatens to punish mobile-phone users as 'war criminals'

For everyone who protests the new internet restrictions that could have come with SOPA and might still come with ACTA, this one comes from the perspective department: North Korea has threatened to punish anyone using a cell phone as a war criminal.

Reports from the Democratic People’s Republic of Korea indicate that the threat of famine is forcing more and more people to flee the country into South Korea, where an estimated 23,000 defectors have already located.

North Korea has long relied on a total restriction of information to maintain control over its isolated citizenry, and in this crucial time of transition between Kim Jong Il and his successor, Kim Jong Un, it appears that the state is clamping down even tighter than usual for fear that information about uprisings like the Arab Spring could trigger unrest, or that outside communication could assist anybody attempting to flee the country.

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