The Grounds

If you are just looking to capture the short-term gain it's fine. For a long-term investment I don't have much faith in Zuckerberg from a business standpoint.

I'd watch this one from the sideline. Both Groupon and Linkedin dumped after the initial offering. Groupon's slide has continued, While it took Linkedin about 8 months to pick up momentum. If you want to make a quick buck, wait for a strong base in the weeks to come, then buy it up for short term gains. Just my two cents.

Funny you should ask. I was just reading this article from my company's news dept. Lots and lots of info on here if you have the time to read it.

If you think it's overvalued now, just wait for the madness to start after the opening bell. It'll shoot straight up just like
Linkedin and Groupon. What happened after was pretty ugly for those who timed it poorly. Nothing wrong with waiting and seeing how things shake out. As far as them being different entities, does it really matter?

I agree with all of that. But, right now it's a crap shoot, and can only go by past IPO's. Zynga, Zillow, Pandora. In each case you could have gotten in at a better price if you were patient. I think Long term it's a good investment. However, IMO, you can buy it cheaper than $38 near term. Also, on day one of trading, good luck getting in any where near $38.

This^^ Institutional money will buy in at 38. No one on here will get that price.

Uhh...what would the market cap be if it went to 180 (or higher as you indicated it settles at 180)? I'm doing total monkey math based off of numbers that I have in my head, but I think if I recall the 20s made it 90 billion...which would make it a 600-700 billion dollar company at those share prices. Not happening...well shouldn't. Also, if it goes higher than 180 and settles there then whomever valued the company is not going to be on the short, medium, or long list of the next big company to IPO.

I meant to comment on this last night, but forgot. Facebook has 800 million active users and has been active since roughly 2004 (UVA was one of the first non-Harvard schools to be granted access to Facebook in December 2003/January 2004. I have been a member of Facebook since September of 2004 (my first year at UVA) and it is one of maybe 4 websites that I still frequent from that time. Facebook is hardly a fad. Whether you like it or not, it is here for the long haul.

As for the IPO, I think you'll see the stock shoot up and be dramatically overvalued. I wouldn't buy any FB (unless you can get in on the IPO and are looking to sell on Day 1) until the price normalizes some.