Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
b_b · 4519 days ago · link · · parent · post: Facebook: The stockmarket has lost no time in unfriending the social network
The amazing thing was how many people bought this shit to begin with. Its not as if they had a hard time getting people to buy into the IPO. I have a guess that Goldman probably steered a lot of its investors who otherwise would ave stayed away into the stock, because they knew they would make huge fees just for selling it. I don't know anything about the world of big investments, but is it known who, exactly, were the main buyers, and why they thought this was a good investment? If it was mainly speculators hoping to flip the stock on day one, then all I can say is, "Haha".