Town Square

Post a New Topic

FACEBOOK IPO makes it hard for startups

Original post made by jb, Crescent Park, on May 22, 2012

This Facebook IPO disaster is indirectly a disaster for start-ups in the valley wanting to IPO soon.

This story contains 183 words.

If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.

If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.

Comments (4)

Like this comment
Posted by bang, bang, plop
a resident of another community
on May 22, 2012 at 3:55 pm

I don't feel a bit sorry for all the people who bought into the hype - that's not an investment strategy, but kudos to Mark Zuckerberg for being the ultimate con guy and lifting the starting price to $38:00.

Like this comment
Posted by greed
a resident of Adobe-Meadow
on May 22, 2012 at 4:03 pm

Greedy one-percenters manipulated the stock price to rip off low-level FB employees and individual investors.

Like this comment
Posted by Hmmm
a resident of East Palo Alto
on May 22, 2012 at 6:08 pm

Thanks for posting this. It was quite predictable, wasn't it? Does anyone remember Webvan?

I was w/2 different companies that were acquired & the leaders at the bigger companies - both places - got into trouble - some even went to jail. An old friend who was a VC had to stop talking to me because of his legal entanglements while I was a stockholder. The satisfaction of seeing some over-entitled former frat boy do the perp walk only lasts so long - there are always bills to pay.

Facebook could've handled this w/some class & thought, but instead, they did the greedy reach. Shame on them - they're too selfish to feel shame as they call their broker, banker, personal candlestick maker.

Like this comment
Posted by Eileen Wright
a resident of Crescent Park
on May 23, 2012 at 10:33 am

"Greedy one-percenters manipulated the stock price to rip off low-level FB employees and individual investors."

It's called the marketplace. 99-ers should be used to it.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Nobu confirmed to open in Palo Alto
By Elena Kadvany | 0 comments | 13,064 views

And one more makes three
By Cheryl Bac | 0 comments | 3,317 views

Secretary of Plate
By Laura Stec | 2 comments | 1,290 views

New York College Tours
By John Raftrey and Lori McCormick | 2 comments | 779 views

Family Planning: Both Agree Before Getting Pregnant
By Chandrama Anderson | 0 comments | 460 views


Palo Alto Weekly Holiday Fund

For the last 23 years, the Palo Alto Weekly Holiday Fund has given away more than $4 million to local nonprofits serving children and families. When you make a donation, every dollar is automatically doubled, and 100% of the funds go directly to local programs. It’s a great way to ensure your charitable donations are working at home.