Facebook’s $104 billion initial public offering comes at a time when the United States is suffering a bout of self-doubt. Many wonder if America is falling behind as other countries are catching up fast. And yet the Facebook phenomenon did not occur in a vacuum.
You might say it could have happened anywhere. But it happened in America. And there was a reason for that.
A company created almost on a whim by a handful of college students rocketed to worldwide popularity in under a decade, bringing together some 900 million users and in the process transformed the way people communicate and interact with each other.
Frida Ghitis is a world affairs columnist for The Miami Herald and World Politics Review. A former CNN producer/correspondent, she is the author of “The End of Revolution: A Changing World in the Age of Live Television.”