 Facebook. Facebook is an internet. Have you heard about this new site? Everybody's talking about it. Apparently, you can connect with friends and family. No, your ex-girlfriends will haunt you forever. If I had any ex-girlfriends, that would be... He'd follow you. Thanks. Thanks a lot. You had to rub it in, didn't you? I'm just saying. No, but so Facebook filed for their IPO. They're gonna go public. They're gonna be a publicly traded company. And you have a theory about it. What is your theory? Well, you know, I think this is like the moment when the internet kinda grows up, right? I mean, Facebook is... If you read the filing, they file with the SEC. They're gonna say, we're gonna be a public traded company. And you all are going to read the 25-page filing. Don't read the filing. I did it for you. I just wanna be clear. And the only line in it is where Mark Zuckerberg says in the filing, he writes a letter in the middle of the filing, like numbers, numbers, numbers, charts, and then a letter from Mark Zuckerberg where he's like, I made Facebook because I wanted it to exist. And that's nuts, right? You know what he also says is that human relationships are the fundamental... Yeah, the fundamental unit of society. Unit of society. The basic society unit is a relationship. I don't know what is a society unit? Can you quantify a unit of society? Have you seen the new K-Society? You couldn't before Facebook. Before Facebook. Now we know what the fundamental building block is. Human relationships. But it's nuts. The idea that the company that some kid in college just was like, I want it to happen. And now it's as big as GM or Apple or Microsoft. It's one of these amazingly huge parts of American economy. I think that makes it real. Once there's a lot of money and power in one place, the government kinda like follows behind it. They're like, oh, we should regulate this. And I think that's what you're seeing. You're seeing... Or use Facebook to govern. Yeah. Just think, once everybody's on Facebook, it'll be easy to... I like this law. Yeah, just like the law. I like that. You don't need the House or the Senate. Just likes. I'm into that. You know what? Let's just see what happens. I mean, what's the worst thing? It couldn't get any worse, right? So we actually... Can you just imagine a politician, Mitt Romney standing up there and being like, do you like me? He means it. Yeah, so people hovering over that button for ages. They'll just be like, I don't know. I don't know if I agree that this IPO is fundamentally different than like a Google IPO. I mean, Facebook is very much part of our culture and I definitely see it as like a permanent fixture in internet years, like five years. That's permanent. That's permanent. Is that like dog years, like an internet year? Yeah, yeah. Five years is like the length of a life. I think the internet year is like shorter. It's like 10 years instead of seven or... I'm so confused right now. I have no idea. There's a lot of math. But you don't think it has staying powers. Is that what you're saying? I just think it could, it very well could if they keep it innovating, but they don't have any sort of lock. They don't have any sort of guarantee. At one point in my life, I was doing a ton of social activities on Myspace. Wow. You were... I probably used Myspace back then to... You were like a predator. More than I use social activities. Can you get a little more detail on that? I found a drummer on Myspace. Say what? I would like to hear more about what... You found a drummer on Myspace. What your social activities were. I spent my social capital. We actually did a video. We actually have a video. I went down to Wall Street because I wanted to try to talk. I was like, I'm gonna talk to analysts and Wall Street guys about Facebook, the Facebook IPO. Weirdly, they did not wanna speak on camera as if they were doing something secret or illegal. Or they're just really humble. Or just super humble. It's not us. It's the money. We're just here just moving it around. We don't wanna take credit for that. But there are a lot of Belgians who wanted to speak to us, which is odd. But it's actually really interesting. We just talked about what people thought of Facebook and if they thought it was a viable company. And take a look at this video. It's quite interesting. Hey, this is Josh from The Verge. And as you know, Facebook just filed for their IPO. So we came down to Wall Street in downtown New York to talk to people about Facebook. We gotta find people with money who wanna spend it on Facebook. What's your name and what do you do? Joel Patel. Wait a minute. What is this for? So I'm just gonna ask some questions about Facebook and we'll see what happens. Their stock is about to go public. Would you invest in Facebook? Probably not myself, no. I don't think so, no. No? How about you? No, probably not. You're not gonna invest? No. Why would I? Sucks to be Zuckerberg today, doesn't it? You're not gonna invest in Facebook for business? For now, as long as they don't end up like Myspace, right? Are you checking Facebook right now? Is that what's happening? No, just texting somebody. Okay. Yeah. Sexting or just regular texting? Excuse me, can I ask you some questions about Facebook? No? Excuse me, can I ask you some questions about Facebook? Excuse me, can I ask you some questions about Facebook? Nope. You know you gotta toughen up, though. This is New York. You gotta be tough. You gotta be able to take rejection. Would you invest in Facebook? I would. Facebook is on everything now. You see on TV, newspapers, people talking about it. It's everywhere. You're both Facebook users? Yes. Yeah? And what are your usernames? Can I friend you? No. Would you invest in other companies? Maybe Myspace? It depends on what company they are. Myspace? Myspace, no one likes that. Excuse me, can I ask you some questions about Facebook? Nope. That's the guy you wanna talk to. Where? The lake. I don't know, he said you're the guy I wanna talk to. I think in five years, it's gonna be one of the biggest companies in the world. Maybe soon, yes. We have over a billion people and half of them are engaged every single day. How often do you check Facebook? Too often. You had a look at her, do you guys check it together? Is this like a team effort? I check Facebook, if not every day, every three days, every half an hour or so. I wake up, the first thing I do is go on Facebook. Who wants to talk about this guy right here on the phone? He's making a deal right now, but if he would stop making the deal for a second, I don't wanna interrupt him. Do you worry that you'll go on at night and then just stay on all night long and then the sun will come up and you'll go, oh my God, I've been on Facebook all night. Does that ever happen? Actually, that almost happened to me a few nights ago. Really? Yes, it did. That's not good. I'm very worried. I'm very worried about your Facebook addiction. Please seek help. Yeah, so a lot of mixed messages out there about Facebook, but also a lot of people who would not talk to me. What's wrong with me? People don't wanna, I mean, it's the microphone. You start to put something in the microphone, it's like you're holding a gun. Yeah. And they don't want it to go off in their face. If you have a big camera, they're like, oh my God, will you put me on the internet? Oh, they like that. Yeah, they love it. Now I should disguise the microphone as a camera. Just keep talking naturally. I'm not recording this. You may not.
 Facebook.
 Facebook is an internet.
 Have you heard about this new site?
 Everybody's talking about it.
 Apparently, you can connect with friends and family.
 No, your ex-girlfriends will haunt you forever.
 If I had any ex-girlfriends, that would be...
 He'd follow you.
 Thanks.
 Thanks a lot.
 You had to rub it in, didn't you?
 I'm just saying.
 No, but so Facebook filed for their IPO.
 They're gonna go public.
 They're gonna be a publicly traded company.
 And you have a theory about it.
 What is your theory?
 Well, you know, I think this is like the moment when the internet kinda grows up, right?
 I mean, Facebook is...
 If you read the filing, they file with the SEC.
 They're gonna say, we're gonna be a public traded company.
 And you all are going to read the 25-page filing.
 Don't read the filing.
 I did it for you.
 I just wanna be clear.
 And the only line in it is where Mark Zuckerberg says in the filing, he writes a letter in
 the middle of the filing, like numbers, numbers, numbers, charts, and then a letter from Mark
 Zuckerberg where he's like, I made Facebook because I wanted it to exist.
 And that's nuts, right?
 You know what he also says is that human relationships are the fundamental...
 Yeah, the fundamental unit of society.
 Unit of society.
 The basic society unit is a relationship.
 I don't know what is a society unit?
 Can you quantify a unit of society?
 Have you seen the new K-Society?
 You couldn't before Facebook.
 Before Facebook.
 Now we know what the fundamental building block is.
 Human relationships.
 But it's nuts.
 The idea that the company that some kid in college just was like, I want it to happen.
 And now it's as big as GM or Apple or Microsoft.
 It's one of these amazingly huge parts of American economy.
 I think that makes it real.
 Once there's a lot of money and power in one place, the government kinda like follows behind
 it.
 They're like, oh, we should regulate this.
 And I think that's what you're seeing.
 You're seeing...
 Or use Facebook to govern.
 Yeah.
 Just think, once everybody's on Facebook, it'll be easy to...
 I like this law.
 Yeah, just like the law.
 I like that.
 You don't need the House or the Senate.
 Just likes.
 I'm into that.
 You know what?
 Let's just see what happens.
 I mean, what's the worst thing?
 It couldn't get any worse, right?
 So we actually...
 Can you just imagine a politician, Mitt Romney standing up there and being like, do you like
 me?
 He means it.
 Yeah, so people hovering over that button for ages.
 They'll just be like, I don't know.
 I don't know if I agree that this IPO is fundamentally different than like a Google IPO.
 I mean, Facebook is very much part of our culture and I definitely see it as like a
 permanent fixture in internet years, like five years.
 That's permanent.
 That's permanent.
 Is that like dog years, like an internet year?
 Yeah, yeah.
 Five years is like the length of a life.
 I think the internet year is like shorter.
 It's like 10 years instead of seven or...
 I'm so confused right now.
 I have no idea.
 There's a lot of math.
 But you don't think it has staying powers.
 Is that what you're saying?
 I just think it could, it very well could if they keep it innovating, but they don't
 have any sort of lock.
 They don't have any sort of guarantee.
 At one point in my life, I was doing a ton of social activities on Myspace.
 Wow.
 You were...
 I probably used Myspace back then to...
 You were like a predator.
 More than I use social activities.
 Can you get a little more detail on that?
 I found a drummer on Myspace.
 Say what?
 I would like to hear more about what...
 You found a drummer on Myspace.
 What your social activities were.
 I spent my social capital.
 We actually did a video.
 We actually have a video.
 I went down to Wall Street because I wanted to try to talk.
 I was like, I'm gonna talk to analysts and Wall Street guys about Facebook, the Facebook
 IPO.
 Weirdly, they did not wanna speak on camera as if they were doing something secret or
 illegal.
 Or they're just really humble.
 Or just super humble.
 It's not us.
 It's the money.
 We're just here just moving it around.
 We don't wanna take credit for that.
 But there are a lot of Belgians who wanted to speak to us, which is odd.
 But it's actually really interesting.
 We just talked about what people thought of Facebook and if they thought it was a viable
 company.
 And take a look at this video.
 It's quite interesting.
 Hey, this is Josh from The Verge.
 And as you know, Facebook just filed for their IPO.
 So we came down to Wall Street in downtown New York to talk to people about Facebook.
 We gotta find people with money who wanna spend it on Facebook.
 What's your name and what do you do?
 Joel Patel.
 Wait a minute.
 What is this for?
 So I'm just gonna ask some questions about Facebook and we'll see what happens.
 Their stock is about to go public.
 Would you invest in Facebook?
 Probably not myself, no.
 I don't think so, no.
 No?
 How about you?
 No, probably not.
 You're not gonna invest?
 No.
 Why would I?
 Sucks to be Zuckerberg today, doesn't it?
 You're not gonna invest in Facebook for business?
 For now, as long as they don't end up like Myspace, right?
 Are you checking Facebook right now?
 Is that what's happening?
 No, just texting somebody.
 Okay.
 Yeah.
 Sexting or just regular texting?
 Excuse me, can I ask you some questions about Facebook?
 No?
 Excuse me, can I ask you some questions about Facebook?
 Excuse me, can I ask you some questions about Facebook?
 Nope.
 You know you gotta toughen up, though.
 This is New York.
 You gotta be tough.
 You gotta be able to take rejection.
 Would you invest in Facebook?
 I would.
 Facebook is on everything now.
 You see on TV, newspapers, people talking about it.
 It's everywhere.
 You're both Facebook users?
 Yes.
 Yeah?
 And what are your usernames?
 Can I friend you?
 No.
 Would you invest in other companies?
 Maybe Myspace?
 It depends on what company they are.
 Myspace?
 Myspace, no one likes that.
 Excuse me, can I ask you some questions about Facebook?
 Nope.
 That's the guy you wanna talk to.
 Where?
 The lake.
 I don't know, he said you're the guy I wanna talk to.
 I think in five years, it's gonna be one of the biggest companies in the world.
 Maybe soon, yes.
 We have over a billion people and half of them are engaged every single day.
 How often do you check Facebook?
 Too often.
 You had a look at her, do you guys check it together?
 Is this like a team effort?
 I check Facebook, if not every day, every three days, every half an hour or so.
 I wake up, the first thing I do is go on Facebook.
 Who wants to talk about this guy right here on the phone?
 He's making a deal right now, but if he would stop making the deal for a second, I don't
 wanna interrupt him.
 Do you worry that you'll go on at night and then just stay on all night long and then
 the sun will come up and you'll go, oh my God, I've been on Facebook all night.
 Does that ever happen?
 Actually, that almost happened to me a few nights ago.
 Really?
 Yes, it did.
 That's not good.
 I'm very worried.
 I'm very worried about your Facebook addiction.
 Please seek help.
 Yeah, so a lot of mixed messages out there about Facebook, but also a lot of people who
 would not talk to me.
 What's wrong with me?
 People don't wanna, I mean, it's the microphone.
 You start to put something in the microphone, it's like you're holding a gun.
 Yeah.
 And they don't want it to go off in their face.
 If you have a big camera, they're like, oh my God, will you put me on the internet?
 Oh, they like that.
 Yeah, they love it.
 Now I should disguise the microphone as a camera.
 Just keep talking naturally.
 I'm not recording this.
 You may not.