[kictanet] Facebook & the Digital Economy

[Ali Hussein]

Matunda

That's a very interesting article. It however misses the point by focusing on the Facebook IPO 'fiasco'. Let me just say that the fiasco is mainly on the side of investors/speculators who have had to take a haircut on the speculations of the investment bankers who advised Facebook. 

The IPO has made a few hundred millionaires within Facebook with Zuckerberg's net worth now north of $16B ( as a good friend of mine would say 'Not too shabby!'). From a purely social and political perspective we don't have to belabor the point of how instrumental social media has been across the world.

Closer home the hype and hesh (allow me to use that piece of slang :) ) that Nairobi in particular and Kenya in general has received in the last few years is due to this digital thing... Local companies like Virtual City, Pesapal & Cellulant all owe their existence and claim to fame because of this thing digital. 

I could go on...

Ali Hussein

+254 773/713 601113

Sent from my iPhone®

On Jun 4, 2012, at 8:05 PM, Matunda Nyanchama <mnyanchama at aganoconsulting.com> wrote:

> Here is an interesting take on the digital economy and its limitations using facebook IPO for illustration.
> 
> Enjoy
> The Facebook Illusion
> ----------------------------------------------------------------------------------------------
> Matunda Nyanchama, PhD, CISSP; mnyanchama at aganoconsulting.com
> Agano Consulting Inc.;  www.aganoconsulting.com; Twitter: nmatunda;  Skype: okiambe
> ----------------------------------------------------------------------------------------------
> Be prepared for ICT security failures & know how to respond when they happen! 
> Call: +1-888-587-1150 or info at aganoconsulting.com
>  ----------------------------------------------------------------------------------------------
> "The best revenge is massive success" - Frank Sinatra
> -----------------------------------------------------------------------------------------------
> This e-mail, including attachments, may be privileged and may contain confidential or proprietary information intended only for the addressee(s). Any other distribution, copying, use, or disclosure is unauthorized and strictly prohibited. If you have received this message in error, please notify the sender immediately by reply e-mail and permanently delete the message, including any attachments, without making a copy. Thank you.
> _______________________________________________
> kictanet mailing list
> kictanet at lists.kictanet.or.ke
> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> 
> Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com
> 
> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
> 
> KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.kictanet.or.ke/pipermail/kictanet/attachments/20120604/90dc93d7/attachment.htm>