Social networking giant Facebook is planning an IPO valuing the company at over $US100 billion, according to a new report from CNBC. You have to wonder whether the company is really worth this?
This reminds me of the Dot Com crash all over again. Personally I think the bubble is about to burst on Facebook and any new investors are unlikely to see a return on their funds. I just hope none of our banks are involved as $US100 billion lost will be hard to swallow.