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(Wall Street Journal)   The Facebook IPO should have been a Dutch auction. What's a Dutch auction? It's where all bidders pay the same price, as if they were on a boat being steered by a rudder of some sort   ( divider line
    More: PSA, IPO  
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1370 clicks; posted to Business » on 21 Jun 2012 at 4:26 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

15 Comments     (+0 »)
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2012-06-21 10:54:21 AM  
Except it's not: http://
2012-06-21 01:18:03 PM  
[sad_rusty _trombone.mp3]
2012-06-21 01:40:27 PM  
All right Issa. Don't play the laughing boy. There's only two things I hate in the auction world. People who are intolerant of other peoples' bids and the Dutch.
2012-06-21 01:47:12 PM  
Seems to me an IPO as its done now is far more "free market" than a Dutch Auction.
2012-06-21 01:48:36 PM  
So that's not racist but call burning a business down to collect the insurance money "jewish lightning" and you're worse than Hitler.
2012-06-21 01:49:46 PM  
Well, there's the rub.
2012-06-21 02:07:51 PM  
2012-06-21 04:32:40 PM  
Facebook set the terms, everyone knew the terms going in. Unless there was fraud, and I haven't seen any suggestion of that, then it's not FB's fault people are poor investors
2012-06-21 05:01:33 PM  
Issa delivered a 15-page letter to SEC chairman Mary Schapiro, saying the steep slide in Facebook's shares shows that investment banks are able to "dictate pricing while only indirectly considering market supply-and-demand."

The steep slide in Facebook's shares is because a load of people bought them thinking they were going to be easy money, a fast buck turnaround and when they went to sell, realised they'd been sold shares at a value considerably higher than the smart people would pay for them.

No sympathy for those people, whatsoever. Buy companies because they look well priced and have a good product or service. Anything else is just like playing roulette.
2012-06-21 05:45:43 PM
2012-06-21 07:53:32 PM  
Over in one, as far as I'm concerned--nice work, petermonica!
2012-06-21 08:46:17 PM  
Quite frankly, I'm laughing at everyone who thought they were going to make a killing in the Facebook IPO but got hosed instead.
2012-06-21 11:44:48 PM  
2012-06-22 06:27:13 AM  
Over priced, thus the drop.
2012-06-22 04:15:15 PM  

farkityfarker: Quite frankly, I'm laughing at everyone who thought they were going to make a killing in the Facebook IPO but got hosed instead.

Doctor Jan Itor: Over priced, thus the drop.

The story's not over for this stock, my short sighted friends.
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