Facebook employees are up all night awaiting the new stock offering, however...Borowitz, Buffett and Barons say no.
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| "I can believe my good fortune." |
Borowitz Report/Andy Borowitz, 5/17/12. "A Letter from Mark Zuckerberg (about Facebook's IPO)" *
"For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.
..."... Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.
.... every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.
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| "Killing the market, that's me." |
.... With your help, if all goes as planned tomorrow, Facebook’s IPO will net
$100 billion. To put that number in context, it would take JP Morgan
four or five trades to lose that much money." Read Article..
* IPO means Initial Public Offering. See Investopedia.
Related - Washington Post/Business/Hayley Tsukaysma, 5/17/12. "Facebook's bulls and bears: who's in, who's not". Facebook stock is valued at more than 70x earnings. Buffett and Barons are not buying.
Posted by Kathy Meeh
Posted by Kathy Meeh
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