Many analysts, commentators, and pundits may be excited about a Facebook initial public offering (IPO) this year, but I must confess, I am not. Despite the prevailing trend, I believe traders, investors, and everyday individuals may want to think twice before jumping on a Facebook IPO bandwagon.
I have to admit that I have always been a bit skeptical and reluctant when it comes to Facebook. Despite how the history of social networking websites played out, I used to consider Facebook secondary to websites like MySpace. Unlike Facebook, MySpace users could take advantage of entertainment, music, and video options that seem to be lacking on Facebook. Even further, MySpace users could have blogs and could set up webpage designs. The text-based video games on Facebook never really caught on for me; I understand that many enjoy them, but I just never really got into them.