BY RICH GALEN
Reprinted from Mullings.com

The investing community is agog at the prospect of the Initial Public Offering (IPO) of Facebook on Friday.

If you’re under 103, you probably have a Facebook page. You and about 901 million others. I have a Facebook page. I started it about four years ago when the younger people in the office teased me about being 103 years old.

I opened my Facebook page and immediately started the “friend” chase. I decided that having more friends than people I knew was a good thing so I started trolling for friends. I now have the maximum number of friends an individual can have. 5,000. I actually know about 27 of them. The rest, as I have mentioned before are a combination of “Friends” trollers, people who have seen me on TV but wouldn’t know me at the Safeway, and Ukrainian hookers.

Although, according to CNBC.com, a final decision won’t be made until Thursday evening, analysts expect Facebook shares to cost between $34 and $38 a share which would value its “upcoming offering at as much as $18.5 billion” and the entire company of something in the area of $100 billion. Continue reading →