3 ms·
>But the more important fact is that investors, who are the lifeblood of this entire market, got fleeced, and that's long-term bad. Bullshit. FB/Zuckerberg did
by icelancer 14y ago
>But the more important fact is that investors, who are the lifeblood of this entire market, got fleeced, and that's long-term bad.
Bullshit. FB/Zuckerberg didn't lie in the prospectus. It was all laid out there and the writing was on the wall.
I also own shares (at a slight loss / breakeven). It wasn't fleecing in the least.
Same with GroupOn. Anyone who feels "fleeced" there is an idiot.
Any "damage" done to the tech sector by Facebook's IPO is probably a net positive for Facebook if it increases barriers to entry. So, they win there, too.