It probably won't make the Earth wobble on its axis, but Facebook's huge pending IPO is making waves among investors, the technorati and others.

Facebook is already a major force in many domains as it races toward its first billion members -- a seventh of the population on the planet. It's become expert at stretching privacy boundaries (heard of passive sharing?).

With Al Chang, Paul Kedrosky, David Blumenstein, Jorgen van der Sloot, Stuart Henshall and Aaron Gabin, let's discuss:

• What effects will the IPO have across the industry?
• How might Facebook use the proceeds? Acquisitions?
• Is it really worth more than Disney and GM?
• What might be the path of Facebook's downfall?