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  1. Default A Letter From Mark Zuckerberg: The Facebook IPO

    MENLO PARK, CA (Via The Borowitz Report) May 18, 2012

    On the eve of Facebook’s IPO, Founder and CEO Mark Zuckerberg published the following letter to potential investors:

    Dear Potential Investor:

    For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.

    Today is Facebook’s IPO, and I know what some of you are thinking. How will Facebook be any different from the dot-com bubble of the early 2000’s?

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    For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses. Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.

    Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.

    Third, every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.

    Finally, if you invest in Facebook, you’ll be far from alone. As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments. These will be your fellow Facebook investors.

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    With your help, if all goes as planned today, Facebook’s IPO will net $100 billion. To put that number in context, it would take JP Morgan four or five trades to lose that much money.

    One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO? Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.

    Friend me,

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    P.S. It seems to me there are a LOT of facebook buyers who are the typical "buy high, sell low" types.

    So it will be interesting to see what happens to this stock the next time the market tanks. I would expect this stock to drop more radically on the 3rd day* than others with a larger mix of institutional owners?

    *As they say "1st day smart people selling, 2nd day semi-smart people selling, 3rd day not so bright people selling".

 

 

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