I'd invest in MySpace instead. Facebook's IPO was a flashback to the dot com bubble. Made lots of money for insiders but that's all it was intended to do. My humble advice would be 5 in the 7th at Randwick. You'd have just as much luck. Actually my occasional visits to Facebook, it looks tired and lacking inspiration. The next 'new big thing' is being developed I'd say, and it will be something that is mobile phone/smartphone centric.
I agree, it had tech wreck written all over it. Still, at least the big guns got out and it was only the little guy who got screwed (again). I mean, we all need strong financial institutions don't we? Who cares about the little guy?