Now it seems that might be true. Zuck will probably not let this stock drop below $18 ever again withough a split. The potential is just too overwhelming.
Sure they used up all their initial goodwill by overpricing the IPO, but there was overwhelming demand, so they should be given some small benefit of the doubt.
Zuck doesn't want to be seen as an ineffective CEO, and Sandberg wants to have the option of a political career down the road. Neither or those things happen unless the stock price gets to $100 in the next 2 years.
FB is just starting to monetize, and its only real competitor is LNKD. No one else can ramp up or get the scale for at least 3 years. By then, FB will probably have gotten to $75 a share.
FB is now moving on mobile, doing better w/ ads, taking on gifts, jobs, payments ..... if they get into search next year, who doubts the stock will get to $50 in less than 6 months?