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Faceook? lol
Awwwwwwwwwwwwwww. Does that mean that insider trading has become unprofitable for our politicians in Washington?
The beauty of this mess is that it exploded as the shell was leaving the barrel. Had it collapsed a month or two later, it would have been dramatic indeed, but on the eve of the IPO, it makes for a great three-ring circus.
Speaking of which. PT Barnum couldn’t have done any better. Except he would have made his exit a little quieter. There’s a sucker born every day.
There was enough spoken publicly about this IPO (before it started selling) that it was over-priced and full of inconsistent reporting. Even I knew to stay as far away as possible. Why don’t some of these people take a little responsibility for not doing enough homework? Most of them just “had to” own a piece of FB.
When Facebook announced years ago that they wanted to go public, I dropped all connection with thae organization and it’s services. Now it appears that I was correct, these new “2nd generation Dot commers” are no less common thieves than the 1st generation. Wonder if Maria Kantvote got in on the pre-initial-first offering of this IPO. Hope she did and hope she lost her ass.