I don't know about Twitter and HuffPo, but I'm certainly amazed by how quickly Facebook's bottom line has rocketed recently. Let's take a look: http://www.msnb

I don't know about Twitter and HuffPo, but I'm certainly amazed by how quickly Facebook's bottom line has rocketed recently. Let's take a look: http://www.msnbc.msn.com/id/41521349/ns/business-us_business/ http://www.msnbc.msn.com/id/41521349/ns/business-us_business... That's 250m of net income in the last quarter, more than the 200m generated in the entirety of 2009. In addition, they anticipate 2011 EBITDA of $2b (of course that's different from income, but given that FB has no debt, and depreciation is just the fractional cost of hardware, net income must be above $1.3b in 2011). I personally believe that profits will rise to the $5b annual range within 5 years, which would give it a 12 P/E valuation if it stayed at the current valuation. (But look at Google) Anyway, I am confident that FB's financials will justify its valuation when the IPO comes along. I don't doubt that Goldman is here to make a killing. Facebook isn't focused on turning on the money faucet right now. There are so many ways to generate cash that it'll focus on soon.