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>I am not a financial expert or anything, but from what I understand most all of the actual Facebook users won’t be able to get in on the initial purchase and w
by tmh88j 15y ago
>I am not a financial expert or anything, but from what I understand most all of the actual Facebook users won’t be able to get in on the initial purchase and will have to wait for major investors and institutions with all the cash to ride out the initial stock offering. With all of the Occupy movements bashing the 1%, I find it interesting that there isn’t more of this uproar over the way the stock purchase system works where the rich get richer while the people using the products and services work to survive.
Clearly the author is not a financial expert (neither am I), but does he also become angered when someone is able to buy expensive property and sell it later for a profit? How about when someone flips a rare car for profit? The author's attitude makes it seem like he is entitled to the stock. Just because the underlying asset (facebook) is free doesn't mean you can own it for cheap.