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Facebook bags $16 billion in successful IPO
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The following comments relate to this news article:

Facebook bags $16 billion in successful IPO

article published on 17 May, 2012

Facebook in third largest public offering in U.S. history. Only General Motors and Visa could beat Facebook's initial public offering, which valued the social networking giant at an enormous $104 billion. The service raised $16 billion today as investors rushed to get shares after waiting years for Facebook to finally make the leap. It's market value is now higher than that of McDonald's, ... [ read the full article ]

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Mez
AfterDawn Addict
_ 		25. May 2012 @ 08:41 _ Link to this message    Send private message to this user   
Anyone that bought that stock deserved what they got...

Not that I don't believe Facebook is here to stay but it was vastly over priced. I believe some members of Morgan Stanley deserve jail time.
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bogwart16
Member
_ 		25. May 2012 @ 08:54 _ Link to this message    Send private message to this user   
Rather out of date especially considering that shares are headed downwards and will not be climbing again.

Morgan Stanley took a bath on this one, having to spend on the buyback around the same as their fees ($167 million) and it couldn't have happened to a more suitable bunch of conmen and fraudsters. They knew before the opening bell what was going to happen but made sure other banks took positions via high frequency trading so that they wouldn't lose money.

This is what happens when you allow an egotist clown to run a publicly quoted company.
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We once had a empire and it was led by an emperor then we had a kingdom which was led by a king. Now we have a country.
salsa36
Member
_ 		25. May 2012 @ 09:13 _ Link to this message    Send private message to this user   
That's how it works!!!!!
How a place to post pictures and to chat for free is going to cost that much and on top expect it to increase in value.? Only an idiot would think that.
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bogwart16
Member
_ 		25. May 2012 @ 09:18 _ Link to this message    Send private message to this user   
Originally posted by salsa36:
 That's how it works!!!!!
How a place to post pictures and to chat for free is going to cost that much and on top expect it to increase in value.? Only an idiot would think that.
There's plenty of those around, even when there is a global recession in place. Not that it affects the banks, of course, because even if they lose the taxpayer will take the hit.
[ + quote]
We once had a empire and it was led by an emperor then we had a kingdom which was led by a king. Now we have a country.
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