It feels wrong not to comment on the largest tech IPO in history happening today. I have read many articles about the Facebook IPO. Most of them dismiss it as ‘Bubble 2.0’, but have also seen some interesting analysis on the potential of new business models.
Let’s not forget that just about every pundit predicted doom for Google when it went IPO in 2004. I have heard compelling arguments that Google was likely to self-implode and the growth would stagnate. Yet, Google defied gravity to become the most successful technology company (only next to Apple).