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Showing posts with the label public offering

Facebook or Faceplant?

I can't help feeling a little bit of smug satisfaction at the plight of Facebook which is currently getting creamed in its offering to the public. Like most have nots, I'm always delighted to see the mighty fall, the Masters of the Universe take a faceplant in a pile of dung. It's been a hard week for the social networking site which is watching its stock and image go into free fall. Over at Kodak, with the loss of its patent case against Apple, et al, I'm sure they're feeling about the same. The chemical giant is going the way of the do-do bird. And Facebook, once a media darling has become the stinky kid. I don't know a lot about the stock market, but I know a couple of things about people. Some people are arrogant materialistic bastards who buy stocks, then day trade them without any commitment to the company. But most folks still buy into companies because they believe in them. And not many people are believing in Facebook these days. I don't...