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If he admits that it never had a shot, why did he invest in the first place? Additionally, would we be feeling bad for Facebook if they had underpriced the IPO
by tibbon 14y ago
If he admits that it never had a shot, why did he invest in the first place?
Additionally, would we be feeling bad for Facebook if they had underpriced the IPO and the trader had made 25% profit on day one (and Facebook lost out on a potential 25% of fundraising)?
- helmut_hed 14y agoI'm glad to hear someone say this. Facebook the company did amazingly well on this transaction. A stock that pops is one that has left money on the table. FB did the opposite...