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Facebook Said to Hire Morgan Stanley for IPO

After reading the below article. Would someone be kind enough to enlighten me with what the heck it is that Face Book offers humanity.

Is it a toaster?

Is it a washing machine?

What the heck does face book offer other than a bunch of lonely people posting their everyday MUNDANE activities. And we wonder what is wrong with society.

Facebook Inc., the world’s largest social-networking service, choseMorgan Stanley (MS) to take the lead on its planned initial public offering, four people with knowledge of the matter said.

Morgan Stanley gains the coveted lead-left position on the IPO filing, said the people, who asked not to be identified because the matter is private. That designation usually means a larger share of the fees collected by a securities firm. Facebook will file plans with regulators tomorrow

Added: Jan-31-2012 Occurred On: Jan-31-2012
By: Rambo33
World News, Regional News, Other News
Tags: Face Book, IPO WTF
Location: Savoy, Massachusetts, United States (load item map)
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