Facebook Stock Going Public?

zmaragdus writes "Facebook Inc. converted its existing stock holdings into different classes of stocks (Class A and Class B) designed to give certain shareholders more power than others. This has been typically done in an IPO of a company's stock to give important people (company founders, for instance) more clout in the actions of the company when stock is first offered to the public. While Facebook maintains that it does not plan to offer stock publicly in the near future, this restructuring is one of the critical steps in doing so."

Comments

Of course it's going public

[Nursie]

It's at the peak of it's popularity and thus the peak of it's perceived value.

They'll "go public", the owners (founders and other investors) will make out like bandits and then retards^H^H^H^H^H^H^Hfund managers will invest money in it from all of our pensions and savings. The stock will change hands many times as it is speculated upon repeatedly until such time as the next big thing comes along and it takes a slow plunge to worthlessness and irrelevancy.

In the meantime the founders are rolling in (our) cash.

Re:Of course it's going public

[FooAtWFU]

So (quit the 401(k) and roll it over into an IRA and) take responsibility for your own savings. Heck, short-sell if you want. Just remember that the market can remain irrational longer than you can necessarily remain solvent.

Re:Of course it's going public

[CarlDenny]

And pets.com, and webvan, ...

Re:hmm

[Psaakyrn]

Google also exists merely on advertising, so it isn't always true.

Re:hmm

[Culture20]

I don't. Once it's a public company, it has a fiduciary responsibility to bend its users over to try and get as much money for its shareholders as it can.