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I've submitted a Forbes article a couple of days before the IPO - http://news.ycombinator.com/item?id=4396500 http://news.ycombinator.com/item?id=4396500 Basic
by wisty 14y ago
I've submitted a Forbes article a couple of days before the IPO - http://news.ycombinator.com/item?id=4396500 http://news.ycombinator.com/item?id=4396500
Basically, if you bought a company with a P/E of 90 and decreasing revenue (it had dropped 6% in the quarter) then you shouldn't be playing with other people's money. Everyone knew it was a massive risk.
- cube13 14y agoAccording to Google Finance, 14% of FB's outstanding shares are institutionally owned. I think the vast majority of the pension funds got the message.