[philwelch]

Well, now we get to see their financials. This hasn't been an encouraging step for other recent IPOs, like Groupon, and at least their business model involves people actually paying them. Unless Facebook's profitability is much better, the other shoe's going to drop and things might get pretty rough.

[samstave]

There is going o be way too much FB worship in the near future. I expect that this will be hyped to high hell, and with the insidious Goldman Sachs running the IPO - I expect their value to be enourmous - regardless of their actual financials.

[zecho]

Wall Street Journal says it's likely going to be Morgan Stanley leading the IPO.

[samstave]

Ah, thanks - I thought it was previously stated that GS was running it - Maybe that was due to the GS leading the most recent investment channel they had... I don't recall the details of how that was setup.