It is a very, very good sign that investors did not buy into the persiflage that Facebook was worth what the IPO said it was worth. If they had been that blind, it would have been another coffin nail.
The only "Facebook"-type entity which would be very profitable would be an authoritarian one: one that could demand your private facts and use them as it wishes and deny you the right of walking out the door. Only then could it hope to generate enough cash for research on new gimmicks to prevent its becoming a cozy place to exchange photos and pleasantries.
Once the short-term profit people get in control after the IPO, the senescence of Facebook is guaranteed.
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