Facebook Files for IPO for 5 Billion

[JW Najarian]

Here we go.Here we go... Do you think Facebook has the ability to monetize to the size everyone thinks they can?

They are bigger than McDonalds, but the word is still going around believing Facebook cannot make money and that long term sustainability, with Google+ hot on their heals, will be elusive at best. 

I can only imagine that the opening price will go through the roof like LinkedIn and then fall after a few days then do very little at that point. This is not an IPO you will want to get, in my opinion. - JW

From the Mashable Story:

"As rumored, the company is seeking to raise $5 billion. If Facebook manages to raise this capital, it will be on a shortlist of biggest tech IPOs of all time.

Investment bank Morgan Stanley will act as lead underwriter, with Goldman Sachs and J.P. Morgan and others to take secondary positions. Shares are expected to hit the market in May."

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