People bitched about Google's owners taking ridiculous control, and doing and an interview with Playboy. Google IPO'd at an absurdly low price (less than half

People bitched about Google's owners taking ridiculous control, and doing and an interview with Playboy. Google IPO'd at an absurdly low price (less than half of my bid). Google's IPO was the most underpriced offering in modern history. I think $9.50 is generous for Zynga. Zynga is a declining business. I think you are right, but for the wrong reasons. Facebook will ultimately be only marginally profitable for the same reasons as Zynga. I value Facebook at $20B.