Communications Major

Just weeks after Facebook's less-than-epic IPO, naysayers of the world's largest social network have been piling on with stories about its inevitable demise. One such story even went so far as labeling Facebook boring(!). Yet, there are compelling arguments in favor of Facebook's dominance and long-range success.

Bloomberg Businessweek has declared Facebook's I.P.O. “the biggest flop of the decade” after five days of trading. Could it be thatthe Internet economy isn’t as revolutionary as we had hoped?