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Facebook didn't "trick" anyone. All the downside of Facebook stock is clearly spelled out in the prospectus. People were lining up to buy at $38, so the IPO wen
by warmfuzzykitten 14y ago
Facebook didn't "trick" anyone. All the downside of Facebook stock is clearly spelled out in the prospectus. People were lining up to buy at $38, so the IPO went for $38. I can understand why people who were hoping for easy money from an IPO pop that didn't happen are disappointed, but they weren't cheated.