My comment would be that the author is conflating growth in users and page views to revenue growth. While the two are very highly correlated, they are not the same thing. How Facebook monetizes its users and page views doesn't have to be a 1:1 relationship. The question should be how Facebook will derive ever more revenue from each user over time. Slowing user growth is certainly an easy proxy to use in lieu of real revenue numbers, but it is a gross oversimplification.
eiji|14 years ago
IPO in 2012 is too late.
People will cash in their options by the dozens and move on. If you IPO at peak, this effect is multiplied. If you IPO way before that peak, some might leave, but since the stock is still going up, they will continue to work those 12 hours a day for you.
However, I'm no expert on this stuff! It's just what I would do.