May 18, 2012
Facebook IPO is today! Is it worth it?
I really don't understand where these numbers are coming from...? $100 Billion??? Does Facebook even $500 Million in Assets? What do they produce? What is preventing the stock from nose-diving after the banks have made all of their money?
Maybe I'm completely wrong - but we will see what happens to all of these dot-com investments in the long term and whether people will be happy or forced to live with regret. I think it makes more since to invest in something a bit more tangible, or perhaps a company that produces something like General Electric, BP, Ford, etc.
Besides, regular investors like you and I have to wait in line to purchase a "popular stock" such as this. So the actual purchase price will be about $60/share or more. They're better investments in the market today.