Facebook faces backlash from users demanding IPO share for their 'freely-provided' info

Dallas Sun (ANI) Friday 3rd February, 2012

Social networking giant Facebook crashed yesterday for several minutes as it faced a backlash from some of its 845million users, who are unhappy that the site is making so much money from the information and photos they posted for free.

Facebook's explosive growth and drive towards one of the biggest stock exchange flotations in US history could create millionaires out of 1,000 of its employees and value the company at a whopping 100 billion dollars.

At a valuation of 100 billion dollars, Facebook is worth $118 per user, and some users suggest everybody on Facebook should get one share, The Daily Mail reports.

According to the paper, Facebook released a picture of its staff on Wednesday thanking its users for their support ahead of its five billion dollars Initial Public Offering. They also seemed to be thanking users for making them rich.

Some users, however, didn't think the site went far enough to showing their appreciation

"Am I the only person that thinks every Facebook member should receive at least one share at initial post?' a user named Phillip Pambrun wrote.

According to a CNN report, he went on to suggest users complain to CEO Mark Zuckerberg, 27,

"If it wasn't for all of you loyal and faithful Facebookers, this would never have gotten this far. So, everyone, message the high "Z" for your minimum one share," the user added.

But despite some backlash, US users seem willing to devote increasing amounts of time to the site.

According to industry research firm comScore, users spent seven hours each month this year compared to just over five hours only a year ago. (ANI)