I think Facebook is smart to do an IPO now, but I wouldn’t buy it. The novelty of Facebook is wearing off a bit and the number of users has been declining. Their continued invasions of privacy (i.e. sending political affiliation to politico.com) and practice of forcing users to use features they don’t want (i.e. Timeline) will further alienate their users. Eventually a competitor will be able to seize momentum from Facebook.
I agree.... FB has hit it’s zenith. It’s all down hill from here.