Facebook IPO will Trigger Divorces: Experts

When billionaire Mark Zuckerberg recently changed his Facebook status from single to married, divorce attorneys across the country speculated on whether a wave of couples may head in the opposite direction now that the company has launched its mammoth IPO.

By Divorce Magazine
Updated: January 21, 2015
Facebook and Divorce

When billionaire wunderkind Mark Zuckerberg recently changed his Facebook status from single to married, divorce attorneys across the country speculated on whether a wave of couples may head in the opposite direction now that the company has launched its mammoth (and currently, controversial) IPO.

"When Google went public, there was a wave of divorces," commented California divorce attorney Steve Cone in an interview with the Financial Times. "When Cisco went public there was a wave of divorces. I expect a similar wave shortly after Facebook goes public."

So what's the connection between IPOs and divorce? Some commentators think that, flush with cash - and for some, the wads are well beyond the 6 and even 7-figure mark - unhappy couples who may have been avoiding divorce for a while suddenly find themselves with the financial security to untie the knot.

And of course, some folks don't handle newfound wealth very well, and can start expressing behaviors - arrogance, entitlement, and so on -- that their spouse finds difficult to bear.

And then there are those who think that it's time to upgrade everything in their life - including their significant other.

"There's this feeling that they can have it all," commented Nicole Baras Feuer, co-director of the New York-based Start Over Smart divorce expo. "They can trade in a spouse and have something better."

But it's not just divorce attorneys who are gearing up for a spike in business. The marriage industry is also poised for some Facebook-related growth.

"A windfall can make couples feel ready to tie the knot," commented Jean Marks, a wedding planner in Palo Alto, who also anticipates an increase in extravagant weddings now that couples have the financial freedom to party like a Kardashian.

Ultimately, when the dust clears, whether Facebook's IPO triggers more divorces than marriages or the opposite, this much is certain: it'll have obliged a shocking number of people to change their Facebook marital status, one way or the other.

With files from The Globe and Mail.

Back To Top

By Divorce Magazine| May 29, 2012

Add A Comment

Comment

Allowed HTML: <b>, <i>, <u>, <a>

Comments

Reason for your Divorce

Why did your relationship end? If there's more than one reason, choose the strongest factor.

Money Problems/Arguments
Physical/Emotional Infidelity
Physical/Mental Illness
Physical/Emotional Abuse
Alcoholism/Addiction Issues
Basic Incompatibility


Copyright © 2017 Divorce Magazine, Divorce Marketing Group & Segue Esprit Inc. All rights reserved. Reproduction in whole or in part without prior written permission is prohibited.