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look ma, another bubble to burst.
anyone see that Bono's investment co. stands to make $1.5 billion from the deal?
so from the looks of it the people who are gonna make money from it already basically did, before us peasants were allowed into the game
now buying stock in facebook for the average joe is more of a novelty
- the whole point of an IPO is for people to make money off of it right away. the "public" isn't really considered quite yetmonospaced
- and by people, I mean those who already had the stock before it went public in the first placemonospaced
- An initial private offering (IPO)utopian
- initial public offering (IPO)... (Not sure if utopian was joking)... ; )ideaist
^ Makes sense though. Everyone and their mama is familiar with Facebook, and as we all know, most people are totally unfamiliar with market trading. If Joe-schmo public could just hop onto the IPO today there would be massive movement and as soon as it started to fall people would flip out and sell. And if everyone and their mama was buying/selling there would be tons of people losing their money completely because they probably shouldn't have been jumping in in the first place, and only a few would be smart/quick enough to make a good decision either way. It's much safer to let the offering stabilize with seasoned investors even if they're the profitting or not, before the average (uninformed) public messes the whole fucking thing up.
^ What you are saying is that no one should buy stocks after IPO. Everyone seems to be looking for a quick buck. If you can't handle risk, dont invest.
All I can say is... Being Zuckerman right now must feel soooo fucking good.
Does anyone know if you can buy 1000 Facebook shares with 10 million in Farmville credits? Seems like you should be able to.
^^^ 2002 is absolutely right.
I wonder how many of the people talking/thinking about investing in Facebook actually believe this company will continue to grow and make money. Or is everyone cynical and do believe that the bubble will burst, but still want to try to make a quick buck.
Exactly what I was trying to point out.
I believe that FB can make money though other avenues. Their ad business is at its infancy.
One thing that does concern is Mark Zuckerberg's cavalier attitude toward investing public.
Facebook stock falls below IPO price