The Facebook IPO road show has started. Based on news accounts, the most important part of the event is that CEO Mark Zuckerberg wore a hoodie, jeans, and sneakers to the first large presentation to investors.
The argument to set the social network company’s value at an extraordinary $96 billion must be less important. Zuckerberg and Facebook did get an early break, before their presentations even began.
Stock research firms Wedbush Securities and Sterne Agee rated the shares a buy and trumpeted Facebook’s strength–the problems of slowing growth and the lack of revenue from mobile platforms notwithstanding
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