The tech bubble is back! Hot on the heels of Groupon, Facebook files for IPO today. Well, maybe it’s not a bubble. Unlike Groupon, Facebook actually has a sustainable business and have been pretty profitable. According to some reports, the only reason they are filing for IPO is because they are legally required to due to the number of investors they have.
Personally, I’m debating whether to open a brokerage account or not.
Update: Anyone notice the ads when viewing photos? FB is really vamping up the ads to look good for the IPO.