In the days leading up to last Friday's initial public offering for Facebook stock, the company raised the IPO price by several dollars a share, leading many small-level and amateur investors to wonder if maybe there was something more to the company than a place to post photos of you and your friends waiting in line to see Men In Black III. But at the same time, large investment firms were reportedly bailing on sinking their money into the social media site.
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3 comments:
I don't feel sorry for anyone that lost money in this IPO sham. I'm not an experienced investor but it only took a little common sense and a couple of Wall Street Journal articles to realize this was a bad deal and had no real market potential.
Just another Wall St screwing, no surprise here. They put Martha in jail, little Mark just probably be hiding by now.
I agree with 117. If you were stupid enough to buy in, remember the old adage, a fool and his money is soon parted.
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