[Boiler Plate]

That’s a pretty good take. What is the typical P/E for this type of business?

[andy58-in-nh]

It's difficult to make direct comparisons, since no other true "social networking" sites are publicly-traded. But if you look at internet information providers like Yahoo (forward P/E= 14); Google (P/E = 12), Zynga (19), or Groupon (18), you can see the neighborhood more clearly.

With a last quarter earning per share of .43, FB priced at $10.00 would still have a P/E of about 23; a much more realistic number in the absence of stable growth prospects and management experience, among other things.