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Friday, January 27, 1:19 PM Facebook plans to file for its IPO next week with a valuation set for between $75B-$100B, according to the WSJ. The report nails Goldman Sachs as one of the major players in the deal. (previous rumblings: I, II)

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Hubert Biagi Comments (454)

Reflects the shift in our society to the on-line persona. We're face-booking and twittering across the globe, but don't know or care what our neighbor is doing. We can't deal with the real world so we air our opinions and our problems with virtual facebook "friends". Kids spending hours and hours a day on-line gaming, downloading, and socializing, but failing to develop normal skills or relationships. It's the latest incarnation of tune-in and drop-out. Sad, really...

27 Jan, 01:59 PM

Victor84 Comments (105)

Couldn't disagree more.

27 Jan, 02:26 PM

Machiavelli999 Comments (721)

Hubert Biagi, just change your alias to 'Old Curmudgeon' and be done with it.

Everyone generation tells the one before it how technology has made them less personable and less self-reliant. It's getting pretty old.

27 Jan, 02:38 PM

Deja Vu Comments (144)

Hubert, I agree with you. I know too many people who twitter and facebook with hundreds of people, but cannot behave in an appropriate manner in social and work situations.

Just as emails, "home pages" and IM (the good ole UNIX "chat"), blogs were all considered to be the end of the world, so too shall pass Facebook and Twitter.

Enuff. Time to send the Friday email to the salaried classes.

27 Jan, 02:51 PM

cryptotex Comment (1)

Sad, Yes. From a cultural point of view, but it's up to parents to stem the flow. Financially it's a boom, and since TRUE parenting is non-existing iis why there is so much money in this virtual community.

27 Jan, 11:31 PM

TruffelPig Comments (1516)

I have no clue what Facebook should be valued at....anyhow, we come late and have to buy even more expensive I fear. I start buying stocks around it that will go up I think. Today we got a taste and BIDU is reporting - double argument to buy China internet stocks I guess.

27 Jan, 10:25 PM

bmckenna452 Comment (1)

i hope Goldman gets skunked in the deal - Morgan Stanley would do a much better job as lead

27 Jan, 11:15 PM

Dr. V Comments (644)

I will be the guy in the background, laughing hysterically at those who did not get in on the short.

* As determined by the Securities and Exchange Commission, which is in charge of IPO regulation in the U.S., the underwriters of the IPO are not allowed to lend out shares for short sale for 30 days.

** HOWEVER: On the other hand, institutional and retail investors can lend out their shares to investors who want to short them, perfectly legal.

!!!!!!!!!!!!!!!!!!!!!!...

This Facebook deal is doomed, and all the lemmings will drink that kool-aid.

Herd mentality, makes you lose faith in the human race to see all this hype over Facebook, for absolutely no reason. The software and it's patent, MAY be worth a couple of Mil. USD, but that's it, full stop.

It's amazing what the power of suggestion can do to markets, they keep telling you all Facebook is worth Billions, and you keep believing them.

Sad that is.

29 Jan, 03:47 AM