Not even public yet and this company has split it shares 3 times already. Talk about hype, how long is this social networking fad going to last, isn't anyone tired yet of reading what people are doing on a second to second basis. I mean could this fad really be worth $25 billion+. facebook has reached its saturation point, they have 500 Million users, how do you keep that kind of growth up, you cant. If anything they are going to see users and the amount of time spent on the website decline over the next 18-24 months. Facebook Splits Stock 5-for-1 By SCOTT MORRISON Privately held Facebook Inc. on Friday announced a 5-for-1 stock split, a move the social network giant said would enable it to make larger stock grants to employees. Facebook spokesman Larry Yu said the Palo Alto, Calif.-based company believes employees will appreciate receiving more shares even though the overall value of any particular grant wouldn't change. He added that it "made sense to split the stock to a range that some might expect for a private company." Mr. Yu declined to say how much each Facebook share was worth after the stock split, nor would he say how many shares were outstanding following the split. Facebook, whose shares trade on the secondary market, was valued at $26.3 billion on the Sharespost market on Friday. Facebook has twice previously split its stock on a 4-for-1 basis, in July 2006 and October 2007, said Mr. Yu.