How did Facebook become worth so much money that it could�
file for the biggest IPO in tech history? By building�a highly defensible product, platform, and advertising business on top of brilliant talent and valuable data. It now has several competitive�advantages�that protect it from disruption and could give it a long life as the primary online identity provider. Here are the 5 components that make Facebook a smart long-term bet for investors, regardless of its exact IPO pricing.
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