$$$$The Character Flaw$$$ or is it?

Before there's an IPO, private shares are distributed at an artificially low price to insiders who sell when the stock shoots up opening day.

According to his roommate at the time, Arie Hasit, "he built the site for fun."

"We had books called Face Books, which included the names and pictures of everyone who lived in the student dorms.  At first, he built a site and placed two pictures, or pictures of two males and two females.  Visitors to the site had to choose who was 'hotter' and according to the votes there would be a ranking."

Gotta give the guy credit.  He exponentially monetized the high school experience.

Television king pins used to justify the inanity of commercials by saying, "They underwrite the show."  Okay, we accepted that unwritten compact. 

Now, in exchange for all our personal information including search words, proclivities, likes, dislikes, politics, financials, private thoughts, all that makes us human and exposed to prosecution and persecution, we get to write inane comments and devalue the terms "friend" and "like". 

The value of your personal information to many parties (advertisers, government enforcers, criminals, etc.) stomps like an elephant on your ephemera that lasts forever.

That unwritten contract between the consumer and the Internet will come back to bite you in the ass.  Unless, of course, you have some of those magic shares.

Cassandra's Predictions: Financial Tips to Pick Off Spoils from 1%

If you believe in psychic powers and/or future forecasting, you ignore Cassandra at your peril.

1) Mario Draghi, head of the ECB, will never allow "Club Med", etc. debt to be monetized.  If you haven't already, buy credit default swaps on eurozone sovereign bonds.  Even Merkel wouldn't dare prevent all holders from qualifying and collecting.

2) Facebook pre-IPO stock at artificially bargain-basement prices has already been allocated in the secondary market (or through some other opaque mechanism).  Short it for a month after the IPO.