With its frenzied initial public offering on May 18, 2012, Facebook raised $16 billion, set a record for trading volume, and began life as a public company with a valuation of $104 billion. Now what?

In the wake of the most hotly-anticipated IPO since Google, Alan Patricof, founder and managing director of Greycroft Partners, and David Kirkpatrick, tech and business journalist and author of The Facebook Effect, discuss the implications for the social network, the investment community, and the broader tech-media sector.