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jeff47

(26,549 posts)

9. Uh...it wasn't a failed IPO.

Reply to marmar (Original post)

Wed May 30, 2012, 11:48 AM

May 2012

In fact, it was a massively successful IPO. Facebook's goal was to get as much money as possible from selling stock, and they did so.

The fact that the stock has gone down afterwards doesn't mean the IPO failed, it means the investors who bought the stock at $38 failed.

(This obviously ignores the allegations that some people got a heads up that the stock was overvalued...still waiting for all the information on that to come out)

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Highlight:

Facebook’s Failed IPO: A Fall Worthy of Icarus [View all] marmar May 2012 OP

I'll bet the Instagram guys are pissed... targetpractice May 2012 #1

This message was self-deleted by its author rhett o rick May 2012 #2

I Really Have a Hard Time Thinking of the IPO as Securities Fraud On the Road May 2012 #3

Then you're uninformed. The Stranger May 2012 #6

Actually, I *Was* Uninformed On the Road May 2012 #8

Great read. Thanks! nt Mojorabbit May 2012 #4

great photo jade3000 May 2012 #5

Naw. FarCenter Fan May 2012 #7

Uh...it wasn't a failed IPO. jeff47 May 2012 #9