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(Yahoo) Video Barry Ritholz: Facebook, led by the man-child Zuck screwed this up pretty badly. They were pigs about this   (finance.yahoo.com) divider line 9
    More: Video, Mark Zuckerberg, Facebook IPO, Facebook, IPO, NASDAQ OMX Group, retail investor, secondary markets, reversals  
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2554 clicks; posted to Video » on 23 May 2012 at 11:59 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-23 12:01:48 PM
biatching about not being rich enough?

/dnrtfa
 
2012-05-23 12:08:13 PM
Who?
 
2012-05-23 12:10:21 PM

oh,

Barry Ritholtz is an American author, newspaper columnist, blogger, equities analyst, CEO of Fusion IQ, and guest commentator on Bloomberg Television. He is also a former contributor to CNBC and TheStreet.com.[1]

Prior to founding Fusion IQ, Ritholtz was chief market strategist at Maxim Group in New York, an investment bank with about $5 billion under management.Ritholtz graduated from Stony Brook University with a degree in Political Science. He was a member of the school's equestrian team, and competed in the 1981 National Championships of the Intercollegiate Horse Show Association. After graduation, Ritholtz studied at Yeshiva University's Benjamin N. Cardozo School of Law in New York and passed the Bar exams in New York and New Jersey. He went on to practice law for a few years.[7]


Sound like some butthurt pundit, not very good at anything. He must have bough into the hype, then got trounced when the institutional investors cashed in.
 
2012-05-23 12:17:06 PM
Hyped up IPO's like this are for suckers.

I wonder how many of those small time E-Trade types knew about this......

http://blogs.reuters.com/felix-salmon/2012/05/22/the-facebook-earning s -forecast-scandal/

.....when they bought 500 shares.
 
2012-05-23 12:30:24 PM
TL;DW: "Facebook is a huge, overhyped, ridiculous bubble. What do you think? Contact us on our Facebook page."
 
2012-05-23 02:54:10 PM

TyrantII: oh,

Barry Ritholtz is an American author, newspaper columnist, blogger, equities analyst, CEO of Fusion IQ, and guest commentator on Bloomberg Television. He is also a former contributor to CNBC and TheStreet.com.[1]

Prior to founding Fusion IQ, Ritholtz was chief market strategist at Maxim Group in New York, an investment bank with about $5 billion under management.Ritholtz graduated from Stony Brook University with a degree in Political Science. He was a member of the school's equestrian team, and competed in the 1981 National Championships of the Intercollegiate Horse Show Association. After graduation, Ritholtz studied at Yeshiva University's Benjamin N. Cardozo School of Law in New York and passed the Bar exams in New York and New Jersey. He went on to practice law for a few years.[7]

Sound like some butthurt pundit, not very good at anything. He must have bough into the hype, then got trounced when the institutional investors cashed in.


I kinda doubt that. But if you actually read what he says, he makes a good point. And theres plenty of wall street journal articles to back it up. Facebook stock was over inflated from day 1, to the detriment of many smaller investors. It is a glaring sign of a problem. I dont have any problem with this guys assessment.
 
2012-05-23 03:26:23 PM
zuck made a cool billion in cash, retained unheard of control over his company as it went public, and is a multi-billionaire several times over regardless if the stock is $38, or $18 a share.

I'd say someone saying he screwed up is someone who is butthurt and doesn't know wtf he's talking about.

He didn't maximize greed and throw his ownership stake away, but to me that's very, very smart. Thats everyone else screwing up or getting screwed because Zuck now holds all the card he wanted, and other peoples money was left on the table.

Good read: http://www.slate.com/blogs/moneybox/2012/05/23/mark_zuckerberg_made_ou t_nicely_in_the_facebook_ipo.html

Wallstreet is butt-hurt they weren't allowed to rape the IPO for every possible cent, thats all. That translated to a lot of lost money, but little change in circumstance for the company. And honestly (loosely) screwing over wallstreet and making a fortune while doing so is awesome in my book.
 
2012-05-23 03:50:01 PM

Chotchkie's: TL;DW: "Facebook is a huge, overhyped, ridiculous bubble. What do you think? Contact us on our Facebook page."


mediabunker.theyshootmusic.comDeltaPunch likes this.
 
2012-05-24 08:36:28 AM

TyrantII: oh,

Barry Ritholtz is an American author, newspaper columnist, blogger, equities analyst, CEO of Fusion IQ, and guest commentator on Bloomberg Television. He is also a former contributor to CNBC and TheStreet.com.[1]

Prior to founding Fusion IQ, Ritholtz was chief market strategist at Maxim Group in New York, an investment bank with about $5 billion under management.Ritholtz graduated from Stony Brook University with a degree in Political Science. He was a member of the school's equestrian team, and competed in the 1981 National Championships of the Intercollegiate Horse Show Association. After graduation, Ritholtz studied at Yeshiva University's Benjamin N. Cardozo School of Law in New York and passed the Bar exams in New York and New Jersey. He went on to practice law for a few years.[7]

Sound like some butthurt pundit, not very good at anything. He must have bough into the hype, then got trounced when the institutional investors cashed in.


Ritholz is very widely followed, extremely well respected, market contrarian and just about on point here. His books are best sellers and has been at this game for a long time. He isn't a fool that popped out of nowhere because he got burned on the FB offering.
 
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