It's weird how HN has become so negative about every recent tech companies IPO. You would think this would be the one place on the internet where people would be excited and positive about this sort of thing. I don't get it, is it jealousy about missing the boat?
The unfortunate thing about this thread (so far) is that almost every comment is either projecting the commenter's feeling about Pinterest or a few numbers on the first page. So much pessimism without citing the source within the S-1 that we're all reading!