1) I wouldn't. It's simply not something I'd put my money into. For lots of reasons you clearly wouldn't agree with, which is fine, you can invest your money

1) I wouldn't. It's simply not something I'd put my money into. For lots of reasons you clearly wouldn't agree with, which is fine, you can invest your money in it. 2) Like those people who invested in the bonds backed by subprime mortgages? Or the people who invested big in the first bubble? Or the people who are really just playing with other people's money? What makes the group of people who think Facebook is somehow worth billions smarter than those groups? Only time will tell. It's a big gamble on either A) Facebook monetizing their traffic to the tune of a few billion dollars or B) finding BIGGER suckers down the road to buy/merge/invest in/buy the stock of/etc... A is imho a big gamble, and B is imho both a gamble and a poor way to do business (not poor $ wise, but banking on big suckers seems unethical to me somehow). All of it is unattractive as a way for me to wager my money. I also don't bet on boxing or horse races. Am I that much smarter than people who do? Hard to say.