Suppose we have two outcomes. One is a top and everyone wants to cash out OR door number 2 - this is just the begining. Did FB solicit GS or did investors call GS and ask how can I get a piece of FB? If the answer is the latter and an IPO is off the table, perhaps FB doesn't want to go public we have option 2 which is the deal we now have. Everyone is monetizing what they see, there has to be more to this than what is on the table and that is what they're selling. But we do not know, we can only speculate on what is in store. We say someone will come along and replace FB as FB did with myspace, etc. What if FB has the next FB? Hence the interest for investors coming to GS and asking for a piece. just saying
Wasn't GM ipo suppose to be the top of the market when it debut in November? You underestimate the power of the Bernank.
Since when has Facebook announced an IPO? I'm fairly certain there was an article recently stating Facebook wants to remain private...