Facebook IPO 10 years later — new name, same CEO, familiar problem
A decade ago, Facebook told the public markets that it was pouring money into smartphone apps because mobile usage was key to the company's growth, even though it did "not currently directly generate any meaningful revenue" at the time.That was in the prospectus for its Nasdaq debut, which took place 10 years ago Wednesday and resulted in the largest initial public offering ever for a U.S. tech company. Facebook's $100 billion-plus market cap instantly made it one of the most valuable tech companies on the planet.But…