Except the long-term investors. In any case, the predicted price before the IPO was exactly the IPO price. That's fair. If your view was that FB has a lot to g

Except the long-term investors. In any case, the predicted price before the IPO was exactly the IPO price. That's fair. If your view was that FB has a lot to grow and the IPO price is too low, you would buy it. If not, you wouldn't. Back then, nobody knew its price is first going down a lot, and then up even more.