Before MS/GS were appointed, the tech press was already talking about a $100bn valuation - Do they know what they are talking about? no. Are they to blame? no.

Before MS/GS were appointed, the tech press was already talking about a $100bn valuation - Do they know what they are talking about? no. Are they to blame? no. The final go ahead to the pricing of a company going public is down to the shareholders/board/CFO; not the banks. Banks are great escape goats, but not the reason why FB had a ridiculous valuation.