Facebook is the first company that I can think of that is completely integrated with most of our lives. Their system knows what we like to do, when we like to do it and what we do next. For the last eight years of massive growth, Facebook has been a private company and just yesterday they filed for their IPO. This has gotten a lot of coverage from the tech and even mainstream media, but there's a point that I don't feel has been discussed: what does Facebook's IPO mean for it's users? For many of us, our Facebook pages are the most accurate representation of us on the web. We spend a lot of time on Facebook, it's how we find out about things, and we're not quite sure how we ever lived without it.

For a website that's such a massive part of our lives, it's a big deal that their company status is changing from private to public, but what exactly does it mean? Is it bad or good? What are your thoughts?