Linked by Howard Fosdick on Wed 5th Sep 2012 05:24 UTC
In the News Remember the dot com debacle of a decade ago? Well, it's back, this time in the form of Facebook. Since its high-profile public offering last May at over $38/share, FB is now down to about $18/share. Management is finding that running a public company is very different than one privately held, as people variously blame Mark Zuckerberg (or not), CFO David Ebersman, lead IPO underwriter Morgan Stanley, and even the NASDAQ stock exchange. The real problem, of course, is that Facebook went public even as its business model desperately searches for new revenues. Let's just hope they don't pull a Digg and fatally redesign the whole site in response.
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RE: Re:
by unclefester on Thu 6th Sep 2012 03:01 UTC in reply to "Re:"
unclefester
Member since:
2007-01-13

The majority of those "gamblers" were completely unaware they even invested in Facebook. Their pension funds and banks decided it was a good idea.

Reply Parent Score: 3

RE[2]: Re:
by zima on Sun 9th Sep 2012 04:24 in reply to "RE: Re:"
zima Member since:
2005-07-06

Still, they are the people demanding the highest returns WRT their pension plans or savings ...and, if not satisfied, they go elsewhere with their money, to those who promise more satisfying returns (and subsequently are often more risky, aggressive, exploitative, and so on); those "gamblers" largely promote it all.

Reply Parent Score: 2