No, first of all because IPO price is always inflated. If I wanted to buy FB stocks I would wait few month when prices return to market equilibrium. You can check data from google flotation if you wish, IPO price always goes down with time and is highest in first two month. Of course this is short run, in long run prices will go up... that's why we buy stocks in the first place right? I wouldn't buy facebook stocks, as I consider it to be over hyped. It's true that FB revenues are spectacular for a social engine, but it is also true that returns on facebook advertising weren't as good as adsense for advertisers, so next year we might see a different image of FB finance... S.
Yeah I agree with sandrodz - Facebook is too risky, it could die out within months - look at MySpace that died out over night... same with Facebook - all it takes is a few new team members to join and run the show to screw it all up and it's getting to intrusive now... they want to know all your movements and searches... then there's site tracking and reporting to profiles... nope - no way.
I would normally agree with you on this, however think that Facebook has several areas it will take over and introduce new revenue streams, such as their own ad platform on 3rd party sites as well as facebook payments. I think I'm going to buy a limited amount of stock just to make sure I don't miss the train if and when it explodes.