FB shares down 11%, and guess what the talking heads will now say. Oo, this share was to expensive to start off with. You would buy a share with a PE of over 100. In the meantime, the astute investors are already counting their billions. Yes folks, they got out in the hype. Biggest legal con ever. You've got to love Wall street.
- Now there's a class action underway by retail investors about non- disclosure of revised downward earnings estimates ,immediately before the IPO. Federal authorities say they're also going to take a look. Looks like this could be the worst IPO on the
Didnt facebook pinch the idea from My Space???? Look whats happened to My Space, its still there, but much much smaller. Is it likely that someone will come up with something better than facebook? Ohhhh yes. and the only one who'll be sitting on the $$$ is Zuckerberg.