Facebook IPO Analysis: Zuckerberg Shoots Self In Foot
By Kofi Bofah:I recently opined, in this April 8, 2012 article, that I expected this looming Facebook (FB) initial public offering to be a train wreck for small, retail investors. I argued that Facebook would be coming to market amid a perfect storm of cheap money, irrational exuberance, and slap happy promotion. At the time, however, I never would have thought that Mark Zuckerberg would go rouge and inadvertently sabotage his own Facebook deal. The Facebook IPO, which The Wall Street Journal reports is set for May 18, will be marred by questions related to the company's baffling Instagram purchase and novel Timeline features that have effectively curtailed growth.
The Initial Public Offering
In May, Facebook will "go public," to raise equity financing for operations. Investors will receive shares that carry ownership and voting rights, in exchange for offering up cash to buy in to the business. After the IPO, Facebook shareholdersComplete Story »