At 13:02, Facebook is trading at 31.78.
Read a article in NYTIMES, last few lines were
"the final story for Facebook’s stock has yet to be written. Amazon.com quickly tumbled after making its public market debut in May 1997, trading well below its offer price of $18 a share for several months. A year after the I.P.O., Amazon had roughly quadrupled, and on Monday the shares closed at $218.11"
What's your view on it ?
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In 1997 it still took 5 minutes to download a 2mb porn image over dial-up. Comparing Amazon's IPO to Facebook's is like comparing Thomas Edison to Con Edison.
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