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May 21, 2012

Makes Nothing, Does Nothing, Is Nothing

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Surprise, surprise: Facebook Shares Fall Below IPO Offering Price - CNBC Facebook shares [FB  34.29  -3.9418  (-10.31%) ] sank on Monday without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon.

Posted by gerardvanderleun at May 21, 2012 10:07 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Really, it is encouraging that investors are staying away from this nonsense. It shows they aren't entirely idiotic, despite how much it seems like they are.

Posted by: Christopher Taylor at May 21, 2012 12:23 PM

Makes Nothing, Does Nothing, Is Nothing.

Who is Barack Obama?

Posted by: Gagdad Bob at May 21, 2012 1:15 PM

Another bit of schadenfreude is that California moochers parasites politicians were gleefully calculating the billions (!) they would collect in capital gains taxes, in exchange for having absolutely nothing to do with the startup and nurturing of Facebook. Gone, all gone! Whadda we gonna do now?

Posted by: John A. Fleming at May 21, 2012 6:05 PM

Yeah, buying air. How did that Huffpo
investment work out?

Posted by: tripletap at May 21, 2012 7:19 PM

Facebook was counting on it's hip users becoming investors. Heh. All that Facebook has accustomed their users to is a free ride.

As for the rest of the suckers, the dotcom bubble went by ten years ago.

Posted by: james wilson at May 21, 2012 9:23 PM

Being Facebook, I suspect the IPO was just an elaborate ruse to flush even more of everyone's privacy down the toilet.

Posted by: Scott M at May 22, 2012 2:27 AM

A huge Gen Y fail.

Posted by: Peccable at May 22, 2012 7:30 AM

The Facebook IPO proves that the "Greater fool" theory is still only a theory. Bears make money, bulls make money, and pigs go broke!

Posted by: Roger in Republic at May 22, 2012 9:02 AM

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