30 June 2012 0 Comments

Zuckerpunched*

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or If you’re so rich, why aren’t you smart?** We wrote, in our last issue, about why we thought Facebook’s IPO was going to turn out to be a pig in a poke, and after it was summarily hammered by the market — and followed with the predictable filing of a lawsuit by people who [...]

29 May 2012 4 Comments

No There There: What Went Wrong with the Facebook IPO

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We’ve been paying only marginal attention (not that it was avoidable) to the approach and aftermath of Facebook’s IPO, mostly because our investment portfolio doesn’t include dumping a pile of money into a company that doesn’t seem particularly eager to share in the main benefit of owning its stock: profits. That’s not to say Facebook [...]