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http://www.thedailybeast.com/articles/2012/05/19/don-t-de-friend-facebook-yet-it-s-ipo-might-not-mean-trouble-ahead.htmlTuesday, May 22, 2012
Don't De-Friend Facebook Yet: Its IPO Might Not Mean Trouble Ahead - The Daily Beast - Zachary Karabell - Analysts have declared Facebook's IPO a sign of trouble for the company, but the real problem is Wall Street's warped definition of success. - But how a company that didn’t exist 10 years ago and now commands a market value of $100 billion could be considered a failure says more about the odd lens of Wall Street than it does about Facebook itself. - At worst Facebook and its brethren are overhyped and will underdeliver; on the other hand, the morass of the dark psychology of the financial world will become a self-fulfilling prophecy. Which would you prefer? If the tech visionaries of today are even partly vindicated, we not only will avoid the disasters that so many in the financial world foresee, but we will create a future far brighter than many now believe possible. That optimism is an irreplaceable ingredient for our collective well-being; it is in ever-shorter supply, but in tech land at least, it is alive and well.
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