Facebook was very dodgy from the start. And this IPO is the complete opposite of Google's. The unfairness and overhyping with every possible venue is ridiculous

Facebook was very dodgy from the start. And this IPO is the complete opposite of Google's. The unfairness and overhyping with every possible venue is ridiculous. The outcome of this trend of "evil" IPOs will likely splatter the rest of our community for outsiders, like it happened in the dotcom bubble. Healthy and ethical startups will have trouble getting reasonably sized funds. You should read about the Greenshoe trick, the tiny amount of shares on the market (~450m vs 2bn) and the trick Zuckerberg is placing on investors. No wonder it's back to 38 right now (and not lower because of underwriters holding the price there). You can only fool people for so long. http://www.ft.com/cms/s/3/caf4b0a4-a067-11e1-88e6-00144feabdc0.html http://www.ft.com/cms/s/3/caf4b0a4-a067-11e1-88e6-00144feabd... (registration walled article, but it's free) The "evil" tech IPOs: Groupon, Zynga and Facebook. I hope they go away quickly so our industry can get past them. Reckoning day: http://www.google.com/finance?q=NASDAQ%3AGRPN http://www.google.com/finance?q=NASDAQ%3AGRPN -8% today http://www.google.com/finance?q=NASDAQ:ZNGA http://www.google.com/finance?q=NASDAQ:ZNGA -15% today http://www.google.com/finance?q=NASDAQ%3AFB http://www.google.com/finance?q=NASDAQ%3AFB +0.1% today