peHUB First Read

* Henry Blodget: Facebook is once again overhyped * Eric Schmidt: The enduring lessons of Google's quirky IPO * Barry Ritholtz: A financial reform commercial I'd like to see * Big buyout: Canadian pension fund offers to acquire troubled UK private equity firm Candover * Morning Call: U.S. futures point higher, London falls early, European shares hit 7-week low, the Nikkei loses 2.6% and Hong Kong shares retreat. * PE-backed IPOs are picking up * Russia runs on Dunkin: PE-backed doughnut chain is opening shop in Moscow, after a 20 year absence * European M&A is closing in on its slowest month in a decade * Sam Robinson: The power shift in LP/GP relations is not permanent.