Next Step for Facebook $FBOOK...Debt Sale

There is no GOOD reason for Facebook ( $FBOOK ) to go public.

For all intense and purposes, Facebook has been a public company for three years and it has not been that much fun for those in charge.

Don’t cry for Facebook or it’s employees. The employees and early investors have gotten all the liquidity they need.

The only cool way to IPO is through a ‘dutch auction’ and Google has already done it.

All that lies ahead for Facebook as a public company, even if they are immensely profitable, is financial engineering. In a sad state of how broken the markets are for profitable businesses, Microsoft must take on debt to create shareholder value. Profit does NOT pay you anymore as a common shareholder. Honestly, I am too small to care about this deeply. There is too much opportunity out there to worry or think about it in a conventional way (if you must though…read Aleph Blog’s post on $MSFT).

For those that think that Facebook NOT going public sucks for public markets….you are dead wrong. Facebook going public would mark a TOP. Things would get way too easy to value downstream.

The markets need mystery.

So Facebook…do the right thing and take on massive debt!