We might be able to call it Sean Parker's Revenge by Proxy - can't wait for the movie. I hope Oliver Stone is ready.
Anyway, facebook is the greatest thing since perforated toilet paper, and when you can't make a big messy splash with facebook's IPO, well, there's something not quite right.
The thing went public at about $38 a share, "spiked" all the way up around $40; and when it looked like it could seriously flop, the big underwriters had to jump in and take huge Price-Support Positions to keep the thing from going so deep in the tank you'd need a wormhole generator to find it.
So, whaddup widdat? One thing for sure is that now a few very big investments houses own significant holdings in facebook. I don't know any of the rules where these things are concerned, but you're talkin' JP Morgan Chase and Goldman Sachs - so recent history would indicate "rules are for somebody else" and none of that crap about market-driven morality matters anyway. Just let your imagination wander.
Maybe we're seeing more evidence of how people just don't relate to the structures of the economy. I'll bet lots of people are in the standard default mode of "facebook's pretty cool - why are they always trying to fuck it up?"
For myself, I'll stay with "I don't trust those guys on WallStreet any farther than I could spit one of 'em".
All we really need to figure out now is: How do they make sure American Tax Payers keep having to eat the losses, and how do they turn that into a political liability for Obama, in order to hide the fact that tax payers are getting fucked with their pants on?
update:
oh yeah - when was the last time Wall Street launched something really good? And really, if you're a smart guy with great ideas, and you've spent the last 15 years or so bustin' your hump to make your cool little business work - why the fuck would you turn to any of these pricks for help when you know they're just gonna steal as much as they can carry and move on to the next sucker? I don't get it.
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