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The difference between Google and FB IPOs: I remember having a discussion with another programmer friend of mine, after the Google had had their IPO. At the ti
by throwaweee 14y ago
The difference between Google and FB IPOs:
I remember having a discussion with another programmer friend of mine, after the Google had had their IPO. At the time the friend was working in the networking software area, and had not much clue on the Internet side.
The topic was Google vs. Microsoft. I was telling him that Google is going to beat MS. His response was but Google is just search!
Anyway, the reason I mention this is that for GOOG IPO, some very smart Alexes of the world were not cued into to the buzz. Apart from Internet enthusiasts and professionals.
Now move forward Facebook IPO. The other day, my young, just-out-of-teens, female cousin was announcing on FB, that she has pre-ordered some buy.
To cut the story short the fools were already in !
PS: Not to disrespect my cousin. Using the 'fools' word in the context of those famous sayings regarding fools entering the market, just at the time of the bubble