Slain photographer Nob Hill then and now
Twist in prosecuting his murder It’s quiet up there for a reason
image Ron Russell Editor’s blog


Want to kick Facebook while it’s down? No need to rush

Wednesday, May 30, 2012

When the “smart money” on Wall Street gets burned, you know someone is going to pay. Forbes takes a sober-eyed look at Facebook’s disastrous IPO under this headline: “Facebook Fed the ‘Ignorant Masses An IPO Lite’” and then prints a few eternal truths about investing that were scarcely to be found in the media hype leading up to the Facebook market debut. An excerpt:
How did a company best known for wasting people’s time (when it’s not violating their privacy) become the IPO stinker of our times? Because people forget that it’s been proven time and again that the only proven winners in IPOs are the issuers, insiders and underwriters, with favored clients like hedge funds and institutional investors the only ones able to benefit consistently from IPOs that perform well out of the starting gate.

New at Bay Area Observer:

Follow on Twitter

Copyright 2013 Bay Area Observer. Blogger Templates created by Deluxe Templates. WP by Masterplan