As evidenced, FB share price plunged from IPO of US$36 thereabouts sorry I m unsure of exact numbers, now about US$28 In my humble opinion I think Eduardo Savarin is smart. FB now reported to make phone hardware in partnershjip with HTC - what a marriage!!
Based on a book I read about the dotcom bubble authored by sme chaps of Red Herring Publishers if I am not wrong, the detailed very very clearly the whole dot com craze was a hugh manipulation scam. I recommend reading to all those who still can find the book - one day or two can complete.
The scam involved key players, the dotcom founder, the IPO manager (which is the u/w), the PR people, the Venture funders like KKR Perkins, the banks, and some masses of kaki-nang retail investors..The rest not in this picture are the Pure Suckers. Use your head, you know who.
