I must be a dumb, over 35 person… Just don’t get this one…
But you know one thing about FB that I find refreshing.
This is probably the one of the few times in history that institutional investors got hurt big time, and maybe more so than retail investors on an IPO….And frankly, imho, they deserved it…
I don’t really get FB, either. But let’s put it in perspective. At the current price it’s trading within range of the initial IPO pricing of between $28-$35. As a stock it’s holding up much better than I expected given the negative sentiments and ridiculous valuation of the company – a higher market cap than amz? My opinion is even if this thing go to the teens, it’s still overvalued. Another thing I don’t get is the timing of the IPO. Why now and not between October-April?
