Continuing where I left in my last post Face book all set to fire . As on Feb 1st the social network confirmed its plans 
for an Initial Public Offerings (IPO) confirming its valuations between $75 billion and $100 billion. The valuation reflect an extraordinary belief that a start-up hardly 8-year-old firm is more valuable than Boeing , the world largest airraftmaker. Are they nuts ??
$100 Billion? 100:1 PE ratio?
I like Facebook but hard to imagine an upside there.
$100B is the same value as Verizon, Cisco, Pepsi or McDonald’s.
Would like to share three things that leaped out at me from Facebook’s financial filing. They involve marketing, hypocrisy and arrogance — in other words, standard Wall Street fair.
