Chances are if you're reading this you've already checked your Facebook at least once today. Maybe twice. Maybe you're on it right now.
FB has been in the news pretty much everywhere in the last week. Big newspapers, small newspapers, disreputable blogs, TV news, radio (I'm assuming) are all talking about the IPO of FB.
So the company that makes nothing is about to start trading on the Nasdaq exchange. And they're expected to make a few billion dollars with their initial public offering. Quite a few. Around $18 billion by some estimates.
My gas light has been on for four days now. Just wanted to let you all know that.
The people that own Facebook are set to make the kind of money that lets you buy your own moon. And who wouldn't want their own moon?
For some reason this has caused a bit of a stir amongst the Polycephalic Pundit Monster, also known as cable news.
Apparently Polycephalic Pundit Monster (PPM) had decided that there is some kind of massive tax dodge being pulled by the founders of Facebook.
How, exactly? If one word describes Facebook it would be "public."
Sure, they look through your personal information to sell complex predictive algorithms to advertising companies to tailor ads specifically to your purchase patterns.
Just like Don Draper would have done.
But even when FB is sifting through my private messages trying to figure out how to market my own failed ideas for TV shows me (Its like "American Pickers" meets "Cops!" It can't lose!) all of that is information I?was willing to give them, public information.
No, the problem here seems to be with Facebook co-founder and future Spider Man Eduardo Saverin.
We all remember Eduardo, Wardo, if you will, from "The Social Network."
Apparently this "real" Eduardo Saverin has renounced his US citizenship just days ago, hoping to avoid taxes on his IPO windfall.
PPM seems to think this is tantamount to treason.
So Wardo, who already had to fight for years to get his fair share of a company he co-founded, has decided that maybe he doesn't want to stick around here anymore.
I can't really blame him. Think about it: every day you see Mark Zuckerberg doing something that inexplicably deserves media attention while the Winklevii show up with snarky commercials and they just won't stop playing "The Social Network" on Starz. Not even HBO. Starz.
PPM is foaming at the mouths about how, if you made your money in the US, you should pay taxes in the US.
Hey, PPM, ever thought about getting mad that a foreign national doesn't have to pay taxes on money they take out of the United States? Or that foreign nationals can operate businesses in the US without paying heavy tariffs to do so?
Sure, its fine when the People's Republic of China opens a bank on US soil but poor Wardo can't do it because ... why, again?
I'd much rather have a US citizen say they are leaving the country to avoid taxes then keep their citizenship and try to convince me they shouldn't pay any taxes because that would be un-American.
I say leave Wardo alone. He already had to be played by the kid that's about to ruin the "Spider Man" movies so cut him some slack.
And to those that are still mad think about this: we always hear "America, love it or leave it!" Well, Wardo didn't love it, so he left it. So what's the problem?
Copy Editor Wes Burns is a Friday columnist. The views expressed in this column are personal views of the writer and don't necessarily reflect the views of the T-R. Contact Wes Burns at 641-753-6611 or firstname.lastname@example.org.