Just read Jason Calacanis' blog bost / newsletter bid on how Facebook could actually make more money than they are right now. He argues that 2011 revenues might be around 12 billion USD rather than 4 billion USD just buy introducing new features. In light of recent transactions and a future IPO - the article argues - Facebook is deliberately holding back to play the valuation. Besides being an interesting read I recommend you read the full story here: http://launch.is/blog/l016-facebook-sandbagging-2011-revs-really-12b-not-4b.html

It will be interesting to follow the LAUNCH conference next year in San Francisco. After the "battle" Jason Calacanis had with Mike Arrington from TechCrunch and their split I am pretty convinced he wants to outdo himself again with yet another great conference. This will be his own gig, though.

Details for that can be found here: http://launch.is/conference/