Even with IPO — still no partying for Facebook
You’d think with more than 400million shares sold in a matter of hours yesterday, that Facebook would be in the clear to pretty much buy their next plane ticket to Tahiti and forget about life; unfortunately that isn’t the case as first reported by POLITICO. Even having traded so many shares, the company itself still has to go through several effective stops that they’ll have to jump through in the coming weeks.
These stops come in to play due to investors being more savvy about what they’re putting their money into, and most certainly the House of Senates / Financial committee.
Some say Facebook was able to trade so many shares, due to the mix of reviews all-together in the press leading up to the anticipated public offering. What do you think?