FB is Not a Lay-Up

Posted by: Tom Keene on February 1, 2012

We think the world’s information infrastructure should resemble the social graph — a network built from the bottom up or peer-to-peer, rather than the monolithic, top-down structure that has existed to date.

—Letter from Mark Zuckerberg, 01 Feb 2012

Unfavorable media coverage could negatively affect our business.

—Facebook S-1, page 17, paragraph 1, 01 Feb 2012

I sweat.

Let me explain this as best I can. There are 150+ pages. Bonus! A F-1 Consolidated…whatever.

FB launches with the same earnestness of GOOG with most likely the same outcome. Higher.

I guarantee their market cap will be greater than the Eastman Kodak & Company.

I guarantee the plug-and-chug plug-ins will be of the same value as an analysis of Acme Widget, Inc. of Peoria, Illinois, 61614.

I use FB, 94025, each and every day. Many sundry (mostly females I know) use it much more.

I have zero clue. I turn to Paul Sweeney’s (Bloomberg Industries) and @PKEDROSKY ‘s view of the FB world.

Their view is FB is a slam-dunk, yet…FB is not a layup. Discuss.

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EconoChat captures Tom Keene's thoughts on economics, finance and investment. He is editor-at-large for Bloomberg News and hosts Bloomberg Surveillance and Bloomberg on the Economy on NYC1130, Sirius 129 and XM 130 and Surveillance Midday on Bloomberg Television. His complete interviews are at Tom Keene on Demand. Look for Tom on twitter @tomkeene

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