"Apparently, the IPO was an inside joke, Facebook's stock continues to suck harder that a Northwestern University freshman on a 5 foot bong in his profile pic. And the fallout from the most hyped IPO in history burst not just the illusion that Facebook is actually worth $100 billion, but the idea that Facebook is different than any other corporation hell-bent on making as much money as possible for a handful of very wealthy people." -gawker.com lol
Facebook's breathlessly hyped IPO on Friday has turned into a huge Wall Street debacle, with lots of confusion, and now, lawsuits swirling around.
This is CNN's story:
http://money.cnn.com/2012/05/23/technology/facebook-ipo-what-went-wrong/index.htm
http://money.cnn.com/2012/05/23/technology/facebook-ipo-what-went-wrong/index.htm
But this interview from the Business Insider is more interesting and detailed:
http://www.businessinsider.com/exclusive-qa-a-hedge-fund-manager-who-bet-100-million-on-the-facebook-ipo-just-called-and-boy-is-he-furious-2012-5#ixzz1w3L0MyEg
http://www.businessinsider.com/exclusive-qa-a-hedge-fund-manager-who-bet-100-million-on-the-facebook-ipo-just-called-and-boy-is-he-furious-2012-5#ixzz1w3L0MyEg
