In response to:

Don’t Like Facebook

TheBucko Wrote: May 18, 2012 12:36 PM
I have firefox and use an 'add--on' called adblock +, and you do not see any ads. None on Facebook. That's how Facebook is purported to make money. So if everyone used Adblock, Facebook is worth, let's see, ZERO? I don't understand the valuation on a company like this!

Since it’s Friday, and there is a Facebook IPO scheduled to go off today, I feel obliged to write the standard “Why I hate the latest IPO” column.

Don’t get me wrong.

I think IPOs are great.

They are great job creators, first of all. Lots of the money raised by IPOs goes into hiring lots more people.

And an IPO’s liquidity event- where early stage investors get to cash in on the open market- is the reason why those investors took the risk in the first place. One of the major benefits of having stock markets like...

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