Facebook floats, but should you jump aboard?

This week, Facebook launches its initial public offering (IPO). This means that ordinary people will be able to buy shares in the company. Is that a good idea?

12th May, 2012
How confident would you be investing your cash in a company where the chief executive goes off spending billions of the company's money without even consulting his own board?

This week, Facebook launches its initial public offering (IPO). This means that ordinary people will be able to buy shares in the company. Is that a good idea? What are Facebook's strengths? What are its weaknesses? Is it here to stay or could it be surpassed by an as-yet unknown threat?

Yesterday, I had an argument with my alter-ego about it. Here's a rough transcript.

**For:** Facebook is a good bet, mainly because it has...

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