I can think of few subjects less interesting than Facebook's forthcoming IPO. There, I said it.
I honestly don't get what the big deal is. So a few thousand people will finally liquidize their locked-up wealth, and the hoi polloi will at last be able to buy Facebook shares. Stop the presses! (It won't meaningfully affect their ability to buy other companies; they already have $4 billion in cash on hand, and I seriously doubt they have any multibillion dollar acquisitions in mind.)
I guess if you measure innovation by keeping financial score, this seems exciting, but if you measure by, you know, actual innovation
, this is a total nonevent.
However. All the IPO furore has introduced one interesting data point: Mark Zuckerberg's S-1 letter
, which includes the unexpectedly striking--daring, even--paragraphs
We hope to change how people relate to their governments and social institutions.