Facebook IPO

[DexterMorgan]

Since going public two months ago at $38 a share, Facebook has seen its stock lose 40 percent of its value.

I want more MORE MORE value loss!!!!!!!!!!!!!!!!!!!!!!!!!!

[Kuroi-Tsubasa]

MORRRRRRRRRRRRRRRREEEEEEEE!

I find this hilarious. Investors putting money in non-voting stock of a company at its peak are stupid.

[DexterMorgan]

No, Mark Zuckerberg, Facebook can't buy my startup - Aug. 2, 2012

[Fishon]

If Facebook tanks, tax revenues for the state of California will greatly diminish. When the employees cash out on their stock at a lower price than predicted this will hurt the state. As recently as May, just before the IPO, the state was expecting to get 1% of its general fund revenue — $1.2 billion to $1.6 billion — from capital gains taxes on the sale of Facebook shares. But this assumed that the share price would hold up.

[DexterMorgan]

As recently as May, just before the IPO, the state was expecting to get 1% of its general fund revenue — $1.2 billion to $1.6 billion — from capital gains taxes on the sale of Facebook shares. But this assumed that the share price would hold up.

Dear god, the peeps in charge of CA are dumb. No wonder CA is in trouble.

[Kuroi-Tsubasa]

^^^ Just another reason I don't like CA and I'll never set foot there (voluntarily).

[DexterMorgan]

^^^ Just another reason I don't like CA and I'll never set foot there (voluntarily).

Ah, but then are the peeps in charge outside of CA smart (and honest)?

I mean who the hell appoints the former CEO of Goldman Sachs as the head of the country's treasury?????
And more importantly, the peeps accept it without question.

Wolf. In charge. Hen's nest.
AND HENS APPROVE

[Kuroi-Tsubasa]

I was really only ranting about how CA is run by the CA state government. I was going a bit off-topic, though.