Explaining Southern California's economy

Facebook files for IPO, Zuckerberg outlines his vision for 'rewiring' us

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Facebook founder and CEO Mark Zuckerberg speaks during a news conference at Facebook headquarters on October 6, 2010 in Palo Alto, California.

Facebook waited until the end of the business day in New York to file its S1 papers with the Securities and Exchange Commission — the prelude to what could be the biggest tech IPO of all time later this year. 

But who cares about the money? For Facebook CEO Mark Zuckerberg, who's worth about $25 billion, it's all about togetherness. This is from his letter that accompanied the filing (thanks to Nicholas Carlson and Business Insider for the quick breakdown):

We hope to strengthen how people relate to each other.

Even if our mission sounds big, it starts small — with the relationship between two people.

Personal relationships are the fundamental unit of our society. Relationships are how we discover new ideas, understand our world and ultimately derive long-term happiness.

At Facebook, we build tools to help people connect with the people they want and share what they want, and by doing this we are extending people’s capacity to build and maintain relationships.

People sharing more — even if just with their close friends or families — creates a more open culture and leads to a better understanding of the lives and perspectives of others. We believe that this creates a greater number of stronger relationships between people, and that it helps people get exposed to a greater number of diverse perspectives.

By helping people form these connections, we hope to rewire the way people spread and consume information. We think the world’s information infrastructure should resemble the social graph — a network built from the bottom up or peer-to-peer, rather than the monolithic, top-down structure that has existed to date. We also believe that giving people control over what they share is a fundamental principle of this rewiring.

We have already helped more than 800 million people map out more than 100 billion connections so far, and our goal is to help this rewiring accelerate.

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Freebie Nights: Why the porn business in California is struggling

If you check in with porn-industry advocates, they'll probably tell you that the last thing the pornography industry needs right now -- from a business perspective -- is an HIV scare coupled with a 2012 ballot measure that would require condoms to be worn by performers. But an HIV scare it has gotten, one that's temporarily shut down porn production in LA, the nation's smut capital and creator of a reported $12.6 billion in yearly sales (the totally SFW map at right shows Chatsworth, the center of the region's porn industry).

This is happening at the same time the AIDS Healthcare Foundation is rounding up signatures to put a ballot measure in front of voters next June that would require condoms in porn media permitted for production in LA. On balance, this doesn't sound outlandish, but certain groups within the porn industry argue that mandatory condom use will create an underground non-condom trade that will be less safe. 

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