Facebook IPO - Lessons learned?

[noonereal]

Originally Posted by whell

Wow, and here I thought Dodd-Frank fixed all that....

Nothing short of a revolution can fix things now. Everything else is just a little band aide to make us feel warm and fuzzy during the continued rapes.

[CarlV]

Nice run on the banks this year, then bread riots next year, who knows?


Carl

[merrylander]

Originally Posted by whell

Wow, and here I thought Dodd-Frank fixed all that....

Thanks to stone-walling by the GOP on Obama appointments they are still writing the rules of Dodd Frank. Wall Street is lobbying like mad to water it dow, Jamie Dim-One was a major player in that lobbying. But you knew that.

[d-ray657]

I don't care if he's a Democrat, Republican or Martian, I have little love for Zuckerman. I would not be surprised to find that he was involved in some finagling to multiply his already obscene wealth. The guy makes a profit by selling people's identities. You won't see me running to his defense.

What you are identifying in your post, Whell, is the corruption inherent in an economic system based on greed.

Regards,

D-Ray

[finnbow]

The blame for this debacle lies with Morgan Stanley, not Zuckerberg.

[whell]

Originally Posted by d-ray657

What you are identifying in your post, Whell, is the corruption inherent in an economic system based on greed.

Regards,

D-Ray

There's a difference between greed and operating in one's own self interest. Self interest does not include deceitful behavior, and includes by definition taking care of the folks that will be your customers. Greed is self - destructive.

The economic system is not based on greed, and this is a major flaw in the thought process of some on the left, including the current occupant of the White House. Individuals operate in a self destructive manner when they attempt to rig the system in their favor, manipulate others, and take on more risk than most others would find acceptable with their self destructive behavior.

Anyone can lose site of operating in their own self interest and succumb to greed. This is not behavior that is exclusive to the left or right. It may very well be operative in the unfolding story of the Facebook IPO, and as such should be instructive about the failures of individuals, not the indictment of an economic system.

[whell]

Originally Posted by finnbow

The blame for this debacle lies with Morgan Stanley, not Zuckerberg.

Do you actually believe that Morgan Stanley set the value of the IPO on their own? Did they calculate the shares of stock available in the IPO on their own? Did they dictate the timing of Zuckerberg's shares of stock on their own? Was Zuckerberg unaware of the late - moving revised guidance on revenue that preceded the IPO, and revised revenue expectations for Facebook downward?

Not likely.

[finnbow]

Originally Posted by whell

Do you actually believe that Morgan Stanley set the value of the IPO on their own? Did they calculate the shares of stock available in the IPO on their own? Did they dictate the timing of Zuckerberg's shares of stock on their own? Was Zuckerberg unaware of the late - moving revised guidance on revenue that preceded the IPO, and revised revenue expectations for Facebook downward?

Not likely.

It was indeed their responsibility to do so.

[HatchetJack]

I just do not see any real value in facebook. I have been registered for years
and at one time, a few years back it was mostly a place where singles and
twenty somethings hung out, talked about beer, video games, coffee and
"hooked up" with one another. So at the time all that was going on, it was
probably a company that could have charged a monthly fee and attracted
advertising. But all that's over now and has been for a while. Now it's place
riddled with 5th graders, grandma's posting pics of their filthy darling grandkids
and scorned divorced women posting pics of their stupid ass house cats,
forwarding chain letters so the innocent will feel guilty and creating drama.
I would much rather spend my money eleswhere.

[merrylander]

http://www.theatlantic.com/business/...tumble/257573/

Try that.