CONSUMER ELECTRONICS SHOW
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.