Despite the recent plummit in Facebook IPO one still needs to admit that if you thought this whole Facebook thing was a fad, you were wrong and it’s time to admit it.
Although not performing as expected, one of the biggest impacts of Facebook going public is that it is now in an elite class of its own. Not that it wasn’t already, but now it’s official. They’re not going anywhere, anytime soon, contrary to the disputes from anti-Facebookers cries of “It’s just a fad, like Myspace”. The fact that they’re playing with the big boys, whether performing or not, is merit in itself.