14 ms·
You are basically admitting that Zuck didn't build a valuable company, but instead he conned investors (and Main Street) out of billions (coming days and weeks
by nlz1 14y ago
You are basically admitting that Zuck didn't build a valuable company, but instead he conned investors (and Main Street) out of billions (coming days and weeks will tell exactly how much). So, congratulations to him I guess.
- mikeryan 14y agoThere's no con here. Anyone who bought at the open price had all the information they needed to make an educated purchase of the Facebook stock. I'm not an institutional investor and I looked at the P/E of 100 and thought it would be kind of silly to buy at that price and many others here seemed to think the same thing. Zuck has built a valuable company - its just not $100B valuable. But a $25B company isn't peanuts.
- nlz1 14y agoAgreed, but it turns the stomach a bit to read the FB fanboys slapping each other on the back about FB being a "$100B company" (and that the IPO "proves" it). FB scored a win by getting $100B, but in my opinion it's tainted, and they may have poisoned the well for those who follow.