we told the greedy bastards that $28 was plenty for the top range. And the initial number of shares would have made this more dear.

Business & Money

Facebook shares fell 11% on Monday, after Morgan Stanley and other Wall Street banks ceased to prop up the social network’s stock at Friday’s $38 offering price. Although the IPO was a big success for Facebook and its early investors and insiders — who sold $9 billion worth of shares that they had acquired at lower prices — the offering was a disappointment for many investors who clambered to get a piece of the most hyped IPO in nearly a decade. The IPO also revealed significant problems at Nasdaq, turning what should have been a triumphant offering into an embarrassing debacle. Here are four takeaways from Facebook’s rocky public debut.

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on May 22, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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