So whose fault is it exactly that priced this so poorly?
Personally, I think this was a fraudulent deal by GS/Morgan Stanley -- Given all the criminality in banking thats been painfully obvious for years - I think this was a deliberate over valuation to allow them to dump shares immediately make a ton and let the stock drop.
Knowing that even though they did this, Facebook was not going to go under or have their actual business affected.
I can't believe that there is not a hell of a lot of WTF thoughts and anger on the inside of FB at this. Does anyone know the sentiment of FB employees over all this, especially employees who have a sizable amount of stock?
Personally, I think this was a fraudulent deal by GS/Morgan Stanley -- Given all the criminality in banking thats been painfully obvious for years - I think this was a deliberate over valuation to allow them to dump shares immediately make a ton and let the stock drop.
Knowing that even though they did this, Facebook was not going to go under or have their actual business affected.
I can't believe that there is not a hell of a lot of WTF thoughts and anger on the inside of FB at this. Does anyone know the sentiment of FB employees over all this, especially employees who have a sizable amount of stock?