Quote:
Originally Posted by Brando
Facebook going public? Probably a bad, baaaad idea. Now their real 'revenue' generation methods will be heavily scrutinized by investors & the market. It really is smoke and mirrors. Once that comes to light, they'll have to scramble for a real way to make money, or be re-valued even lower.
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Maybe a bad idea, but it wasn't their idea. It was the SEC that forced them to go public because they had more than 500 share holders. I assume that was because hundreds of employees are vested or venture capital held too many shares.