Facebook ought to ditch its public offering

Facebook ought to ditch its public offering The sole tangible purpose for the IPO proceeds is to meet a tax obligation that will be triggered by going public, writes John Gapper
http://link.ft.com/r/M2ZOXX/VLMB6O/QFRUDM/C4EUL0/8ZSBFA/JY/h?a1=2012&a2=2&a3=3