CON­SUMER ELEC­TRON­ICS SHOW

Finweek English Edition - - TECHTRENDS BITS -

The an­nual

opens in Las Ve­gas this week with more than 1,6m sq m of floorspace to ex­hibit the world’s lat­est gadgets and other con­sumer tech­nolo­gies. Fin­week’s Simon Dingle is in Las Ve­gas for the show and will re­port back in next week’s is­sue.

A val­u­a­tion of so­cial net­work­ing com­pany last week put its value at US$50bn. The val­u­a­tion was un­der­taken by Gold­man Sachs be­fore the com­pany de­cided to in­vest in Face­book. Sug­ges­tions of a Face­book IPO in 2012 have been made, but oth­ers have sug­gested it could come as early as this year. Gold­man Sachs share­hold­ers have ap­par­ently been of­fered a piece of the pie for a min­i­mum buy-in of $2m. It’s said the in­vest­ment will raise $1,5bn for Face­book, whose CEO Mark Zucker­berg is the world’s youngest bil­lion­aire and fea­tures as TIME mag­a­zine’s per­son of the year. For­mer chief op­er­at­ing of­fi­cer at

Si­fiso Dabengwa, has been an­nounced suc­ces­sor to the com­pany’s out­go­ing Phutuma Nh­leko, who will step down at end-March. Dabengwa has been with for 11 years fol­low­ing a stint at Eskom.

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