If speculators are disappointed with the performance of the Facebook IPO it is because they had ridiculous expectations of what rational investors would pay. The market has put a premium valuation on a great company and we should be happy about all of that. I certainly am.
Wall Street got the Facebook IPO it deserved
For the real meaning behind Facebook’s IPO (and for a true reflection of its value as public company) we’re going to have to wait a while and let the hype subside. Of course, by then no one will want to read about it in the headlines.
Larry Lessig on Facebook, Apple, and the Future of “Code”
“Facebook now lives oblivious to the values of open source software, or free culture. Apple has fully normalized the iNannyState. And unless Google’s Android demonstrates how open can coexist with secure, I fear the push away from our past will only continue. And then when our i9/11 event happens — meaning simply a significant and destructive cyber event, not necessarily tied to any particular terrorist group — the political will to return to control will be almost irresistible.”