Facebook will launch an initial public offering on May 18, according to a report today in the Wall Street Journal (and summarized here at the AP, for those who aren't registered WSJ users). Some of the social networking giant's advertisers question whether they're getting their money's worth.

4 Responses to “Report: Facebook IPO set for May 18”

  1. MrJM says:

    Myspace or Pets.com?

  2. Jim Saul says:

    The valuation seems to be largely based on the assumption that nothing will ever displace it, that for some reason the chain from The Well through AOL, Yahoo, Friendster, Myspace, Linked-in, and every other social network just stops at StalkerBook. That seems patently ridiculous to me, but I’m not a billionaire, so what do I know?

    If that assumption is right, what will it look like in 10 years? Is there anything pushing Facebook to keep moving forward, beyond scraping up any other crumbs of data tracking they might have missed?

    • Jim Saul says:

      I guess another question would be… given Apple’s current dominance of the mobile market and their status in the stock market, why wouldn’t they leverage that to create a Facebook replacement within their walled-garden of apps?

  3. Fnordius says:

    Crap. They just had to ruin my birthday, didn’t they?

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