Celebrities Dish About the Pros and Cons of Having a Facebook

Category: Companies / May 18, 2012 3:43PM EDT

The majority of the world's most famous celebrities are now at the tip of your fingers and it's all thanks to the motherboard of online social networking sites, Facebook. As investors welcome Facebook to Wall Street on Friday, raising $16 billion as one of the biggest IPO in U.S. history, a few celebrities cash in their thoughts on the dynamic platform that has revolutionized the way they communicate with their friends, families, and fans.

Listed under Nasdaq with the FB symbol, Facebook is valued at $104 billion, making the Silicon Valley-based company larger than Starbucks and Hewlett-Packard combined. With these numbers, it's no surprise that a few actors wished they were part of the birth of the company. Busy actor Chace Crawford was shocked to learn the company was going public, but also said he wished he could benefit financially although he doesn't have a Facebook page.

But not everyone feels the same way about the company's mission of 'creating a more open and connected community.' Actor Victor Garber expressed his strong dislike for the social networking tool: Despite concerns about Facebook's challenges in long-term money making potential, changes in user behavior, and Mark Zuckerburg's impulsive decision making, there’s no stopping these celebrities from freely using the social networking site and connecting with their fans like never before.

Lady Gaga, Justin Bieber and David Beckham regularly update their pages with photos and personal messages for fans. In addition, stars like Rihanna and Will Smith also use it as a way to promote their latest projects. As to date, rapper Eminem has the most friends on the site with over 58 million, followed by Lady Gaga with over 55 million. Shares in the No. 1 social network fizzled in their debut, managing an 18 percent gain before backtracking to trade close to their $38 IPO price.