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Facebook’s first week is the worst of any IPO in 10 years
- potatolicious 14y agoI'm not affiliated with Facebook, nor do I own any of their stock, nor am I even particularly a fan of what they do. But is there a point in beating this dead horse? Is there any new information in this link that we haven't already seen 50 times in the past week? I'm not opposed to talking about this topic, but can we have something more substantial than "Facebook stock tanking!" worded in 50 slightly different ways?
- zaroth 14y agoIs it really such a bad wrap for facebook (the company). They've already said they don't really 'care' that they are a public company, and never really wanted to be one. It was just the easiest way to raise a boatload of money. Now that they ARE public, why should they care about their share price? They don't plan on selling any more shares to raise money, and there's zero chance of a hostile takeover, even if shares trade down to $1. You think Zuck is worrying about the shareholders before breakfast? Not a chance. Facebook (the corporation) has already sold all the shares it planned to sell, and raised the absolute most money it could have ever hoped to raise for those shares. The low share price will keep employees holding on (and working for FB) waiting for shares to cross that magic $42 point. And it arguably puts a bullet in the IPO market, cutting off a major source of funding for competitors (like twitter). Could it have worked out any better for facebook?