we are owning all your identities
BITCHSKI!
Mail.ru, which owns a stake in Facebook, has set the price it hopes to get for its shares when it floats on the London Stock Exchange. The Initial Public Offering was announced earlier this month. Today's filing with the London Stock Exchange shows an indicative price range of between $23.70 and $27.70 per share, actually a …
Facebook is turning a profit now, and has for a while. Now that it has no burn to contend with, it is just a matter of "pouring gas on the hockeystick", as Google would say.
As far as "Wall Street" will buy anything, Wall Street doesn't really buy anything. They buy things on behalf of people like you, and take a commission. As Warren Buffet says, "take advantage of market folly" (to make money). I can only image what the firms who are taking the lead on this IPO will personally make. 5% probably. And probably more, and they probably get huge bonuses if the stock rises after the IPO (to discourage traders from shorting their own stock, and then dumping it to drop the price).