A lot of average Joes put on their faux-finance cap during the Facebook IPO and hoped it would get them rich. Everyone uses Facebook therefore everyone wants to buy Facebook stock, the logic went. Yeah, it didn't work out that way. I'm sure a lot of people lost money. One poor woman, Uma Swaminathan, lost her entire life savings and kinda wants a re-do. Read More >>
Featured comment by Spazturtle:
"The thing is that Facebook withheld a report that showed that they had made a loss, they where required by law to publish it befor the IPO but they de..." More »
Andrews Ross Sorkin wrote a piece for the NY Times that was just ridiculous. He put the blame squarely on the back of the CFO of FB. Talk about getting it 180 degrees wrong. Read More >>
During the build up to Facebook's initial public offering last month, there were plenty of clues to suggest that it wouldn't make small investors any money. But that didn't stop them flocking to the deal, in turn wasting their money. Why is that? Read More >>
After openly admitting that they screwed up over Facebook's IPO, NASDAQ is now planning to compensate those who made a loss when their systems failed to allow trades to take place. Read More >>
Featured comment by locust76:
"Did anybody actually seriously believe the initial valuations for Facebook? I'm no expert, but even I saw the big fucking bubble surrounding that one...." More »
Featured comment by OMG:
"In part driven by greed and the belief that you can become stupidly rich without really working hard - Oh I forgot it's The American Dream" More »
Even as news spread that Chrome was now the world's most popular web browser, Facebook ended up as the focal point in last night's discussion between Google CEO Larry Page's and Charlie Rose. Rose asked what's on a lot of people's minds: Given Facebook's mammoth IPO, was Larry Page worried? Read More >>
Featured comment by TrustyDuckling:
"This isn't a suggestion that Facebook handover all their information thoughtlessly - it's that Google is allowed a mechanism so that, with the user's ..." More »
The stock is falling! The stock is falling! If you stopped following the Facebook IPOcalypse on Friday, it might be time to pull up another chair. FB has plummeted 12 per cent as of this writing, with no signs of pulling out of its nosedive. Ruh roh. Read More >>
If all the noise and fanfare of Friday was anything to go by, you'd be forgiven for thinking that Facebook's IPO was nothing but a roaring success. Turns out that, behind the scenes, NASDAQ was a crumbling wreck. Read More >>
The Facebook IPOcalypse continues, free falling first, now barely recovering. We don't know if it's going to be the most successful opening IPO in history but, right now, it seems they may have broken the record for the fastest traded record in history. Read More >>
Facebook is public now. And that means you're going public too. Facebook has to make you share more. It has to make you expose more of yourself. It has to do all those deeply creepy it's already doing, but more more more. It is going to sell you to advertisers, to shareholders, to anyone it can. Read More >>
Featured comment by flea008:
"Do what I did and actually leave Facebook (not that it deletes all your data btw..)
I swear, the temptation to go back to it within that next 2 wee..." More »
Today is Facebook IPO day, which means a select group rich people will become richer beyond our ability to understand wealth. Outside the NASDAQ money castle, the peasantry has lined up, cameras in hand. Look, son—billionaires! Read More >>
It's Facebook IPO day! After months of SEC reviews and roadshows and profiteering, FB will finally take its place in the Nasdaq menagerie when markets opens at 9:30 EST. Time to start digging up your backyard bullion stash, right? Wrong. For the average guy the Facebook IPO is strictly Like, don't touch. Read More >>
As had been expected, Facebook will debut on the Nasdaq tomorrow at a price of $38 per share. What's that mean for you? Not much. What's that mean for Mark Zuckerberg and Co.? Read More >>