The controversy surrounding Facebook's IPO further demonstrates the need for greater scrutiny and regulation of the type of cowboy trading practices that nearly destroyed our economic system four years ago.
Here are ten reasons why it makes sense to be suspicious of the Facebook IPO, starting with the fact that any overview of the three institutions which handled it might best be described as "rounding up the usual suspects."
Zuckerberg had the sheer brilliance to bring Facebook into the world, but we had the collective enthusiasm to make it a reality.
Facebook had an exciting week, but what will follow for the social leader post-IPO? Mark Zuckerberg is now at the mercy of Wall Street analysts who I predict will haunt his dreams before every earnings report as businesses look for ways to diversity their social advertising portfolios.
Regardless of how much cash Bono's crew made off the Facebook offering, we shouldn't blame him for investing smartly.
I'm not a huge fan of Facebook (I'm a Twitter gal). But even I can acknowledge that something seismic has shifted in how we communicate and connect and Facebook epitomizes that -- at least right now.
Behavioral finance specialists will have a field day with the Facebook IPO, as it speaks volumes to an issue that differentiates them from those that espouse the efficient market hypothesis -- namely, that investors can be vulnerable to mistakes dictated by unconscious biases.
This week, Facebook went public with the third largest IPO in history. On the downside of the ledger, Moody's downgraded more than three-dozen Spanish and Italian banks, and JPMorgan's trading losses zoomed past the original $2 billion estimate. On the political front, a pro-Romney super-PAC's plan to disentomb the Reverend Wright scandal made headlines. Some might question the wisdom of those backing a candidate who is an elder in a church known for magic underwear, baptizing dead people and a belief that Jesus visited America making religion a campaign issue -- but in a world where single-mom Bristol Palin shamelessly moralizes about the value of kids "growing up in a mother/father home," all bets are off. The controversy prompted Romney to deliver the quote of the week, saying of his stance on Reverend Wright: "I'm not familiar with precisely what I said, but I stand by what I said, whatever it was." Mitt, check your Facebook timeline!
What better way to celebrate the end of the week/canonization of Mark Zuckerberg by Wall Street than with a little music from well-meaning people who want to thank Facebook?!
In the first in a series of POLITICAL Public Service Announcements (#PPSA), I take on the conservative myth that liberals hate wealth and success. Not...
For years, social media was seen as a new toy for the young and hip. But as Facebook's record-setting IPO has shown, social platforms have grown far beyond their early use of documenting beer pong tournaments.
The Facebook IPO will only add to the millionaires competing to buy a small number of homes, and it seems inevitable that prices will be driven up.
Given today is Facebook listing day I figured I had to add my pennyworth (again) to the whole "is it worth it" debate. I reckon the true value of Fac...
Facebook has transformed how people interact with each other and demonstrated yet again the dominance of American ingenuity. Yet its success also dramatically illustrates problems with the U.S. economy. Six troubling features of the Facebook IPO stand out.
With the double whammy of questions surrounding Facebook's mobile revenue strategy and GM's dropping their Facebook advertising, a perfect storm is brewing before Facebook's initial public offering which could happen as early as this Friday.