The other thing that sprung to mind was definitely the advertising problem. The more Facebook becomes like a platform - a starting point or an organizing principle - the more it becomes like your desktop. You don't want ads on your desktop.
Of course, from the standpoint of the current shareholders in Facebook, the fact that your acquirers are going to stumble on monetization issues when it comes to your tens of millions of users is a good problem to have. Still, I'd rather be selling it than buying it.
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