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10 Stocks to 'Like' When Facebook Goes Public (Update 1)

Stock quotes in this article: FB, FIO, ZNGA, MSFT, GS 

Updated from May 8th to provide additional information on Steve Wozniak buying Facebook and Jive Software earnings.

NEW YORK (TheStreet) -- Now that Facebook (FB) has set the share price for its initial public offering, had its roadshow, investors are looking for ways to play the year's biggest stock sale, set to come this Friday.

Some have questioned whether buying Facebook shares on their first day of trading is worth the risk, considering that revenue is declining and costs are rising.

In an updated S-1 filing, Facebook said its first-quarter revenue rose 45% year-over-year to $1.06 billion, but that was down 6% from the fourth quarter. Costs also rose 66% year-over-year as the social networking giant expanded data centers and its staff.

There are several ancillary companies -- including suppliers, competitors or partners -- that offer ways for investors who aren't members of Wall Street's elite a chance to profit from the IPO.

Here are 10 stocks that may benefit from Facebook's IPO.

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