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SEC Calls For Review of Facebook IPO
beaverdownunder writes "After losing another 8.9% of its IPO value in its third day of trading, SEC Chairman Mary Schapiro has called for a review of the circumstances surrounding Facebook's IPO on the NASDAQ late last week. Unable to sell Facebook short, investors have instead taken to short-selling funds that owned pre-IPO shares as revelations come out that the underwriters involved revised their Facebook profit forecasts downward in the days before the offering without similarly revising the opening share price. Meanwhile, Thomson Reuters Starmine has come out with a post-party Facebook estimate of a meager 10.8 per cent annual growth rate, valuing the stock at a paltry $US9.59 a share, a 72 per cent discount on its IPO price, signaling that the battered stock may not have found the bottom yet."
It seems that neither you nor the other posters get it. Or have had a girlfriend or spouse. He just got married. You have any idea how much it costs to keep them around?
And if you really want your mind blown, wait till you see how much a divorce costs. OTOH, whereas an overpriced wedding ceremony is overpriced, a divorce is worth every penny.
Jesus was all right but his disciples were thick and ordinary. -John Lennon
No-one's taking anything from you - it wasn't yours to keep in the first place.
Yeah you tell yourself that the next time someone steals your car. It wasn't yours to begin with. You were merely holding it for the thief. The police report, insurance stuff and taking the bus to work is just an administrative thing. Funny, people who entirely by accident are born outside the US don't have to pay those same taxes you do. In fact some people are smart and engineer a way to not to have to pay taxes at all, and it's 100% legal. Of course it upsets certain senators who think like you do - that taxes are an entitlement of the US government. But you obviously have drunk the kool aid. Keep telling yourself what a good little tax paying citizen you are, while idiots squander everything you pay.
Seven puppies were harmed during the making of this post.