Facebook just filed to go public after a long, tense wait today, and so it seems like a good time to remind everyone who's not in tech and finance to just forget it's even happening. Facebook's IPO will make some bankers, some venture capitalists, some privileged early investors, and some early employees rich. Everyone else should steer clear.
For one thing, you'll have to steer clear, at least at first. What happened today is simply a filing for a public offering--meaning that you Normals will have to wait months before you can buy Facebook stock, if … Read more