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FACEBOOK IPO makes it hard for startups

Original post made by jb, Crescent Park, on May 22, 2012

This Facebook IPO disaster is indirectly a disaster for start-ups in the valley wanting to IPO soon.

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Comments (4)

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Posted by bang, bang, plop
a resident of another community
on May 22, 2012 at 3:55 pm

I don't feel a bit sorry for all the people who bought into the hype - that's not an investment strategy, but kudos to Mark Zuckerberg for being the ultimate con guy and lifting the starting price to $38:00.


Like this comment
Posted by greed
a resident of Adobe-Meadow
on May 22, 2012 at 4:03 pm

Greedy one-percenters manipulated the stock price to rip off low-level FB employees and individual investors.


Like this comment
Posted by Hmmm
a resident of East Palo Alto
on May 22, 2012 at 6:08 pm

Thanks for posting this. It was quite predictable, wasn't it? Does anyone remember Pets.com? BBQ.com? Webvan?

I was w/2 different companies that were acquired & the leaders at the bigger companies - both places - got into trouble - some even went to jail. An old friend who was a VC had to stop talking to me because of his legal entanglements while I was a stockholder. The satisfaction of seeing some over-entitled former frat boy do the perp walk only lasts so long - there are always bills to pay.

Facebook could've handled this w/some class & thought, but instead, they did the greedy reach. Shame on them - they're too selfish to feel shame as they call their broker, banker, personal candlestick maker.


Like this comment
Posted by Eileen Wright
a resident of Crescent Park
on May 23, 2012 at 10:33 am

"Greedy one-percenters manipulated the stock price to rip off low-level FB employees and individual investors."

It's called the marketplace. 99-ers should be used to it.


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