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> Facebook, Inc. just filed a new amendment to its IPO prospectus (S-1) tonight which offers new transparency into its weak Q1 results

Amazing what an IPO can do for transparency. This is the sort of thing you'd never find out about a limited risk small company.

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Amazon shows that even a public company can be highly intransparent. Nobody even knows how many Kindles they sold...

But it's probably easier to find out than if Amazon was not publicly traded. I am no expert on this, but I am sure that major stockholders have means to find out everything they want about Amazon's Kindles sales.

Ha! Tell that to Zynga and Groupon - not exactly paragons of transparency and accountability during their IPOs.

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