Tomorrow, Facebook will launch its record IPO at $38/share with a record $104B valuation. The New York Times has a great visualization that illustrates just how huge this is. What happens next is pure speculation, but I couldn't help but document my own thoughts. Hopefully this doesn't go as poorly as Michael Dell's famous statements on Apple.
Facebook is the biggest player in proving out what I call the "Theory of Value in Social Networks" of the mid 2000's. The theory essentially goes that there if you get together a huge network of users, that there is inherent value and you will be a...[more]
