Michael Hiltzik: The pitfalls of the Facebook IPO - latimes.com: "The big social media company is expected to announce its initial public offering as soon as Wednesday. The news will feed a frenzy over the profit potential of its marvelous business (self-described), inspire reams of ruminations about the new paradigms of communication and "friendship" in the modern socially interconnected world, foster profiles by the trainload of the scruffy new billionaires touched with pixie dust.
Actually, anticipation of the announcement has done all that. The deal is already being touted as a once-in-a-generation IPO."
'via Blog this'
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