not only by its $5 billion public offering but by its $100 billion estimated value. but what that represents is an interesting concept. facebook is redefining what the community is relative to capi l capitalis capitalists. you might think you're a facebook customer. but if you look at the $100 billion valuation on facebook, you, me, and the other 845 million folks are actually the capital. facebook's ipo is proven maybe for the first time ever that the community of people, any given community, has actual monetary value even if the community doesn't receive the money. let's bring in a tech perspective on this. andrew roshas is a senior teched a virus at the sunlight foundation.