This is what gets me about the whole Facebook IPO

[tawadi]

Facebook has never been upfront with its users. Remember the settlement with the Federal Trade Commission in over complaints about the way it stored and shared user data? The numerous 'security breaches'?

So what did investors expect? Did they really think a company with schemes to steal its own users data could be trusted? It seems ridiculous to me.

[teddy51]

1. Certainly has the appearance of a "Pump & Dump". n/t

[whatchamacallit]

2. Nothing is transparent in the post 9/11 world

by design.

[polichick]

3. The sooner people get that, the better!

[arcane1]

4. Zuckerberg is already unloading his shares

http://www.marketwatch.com/story/facebooks-zuckerberg-thiel-sell-shares-2012-05-22?link=MW_story_popular

[jeff47]

6. That's not that unusual

Insiders frequently do some selling off after an IPO.

[gratuitous]

5. What did investors expect?

As usual, the Big Money Boyz expected to turn a quick buck, and stick the amateurs, losers, and less monied with a craptacularly overhyped stock. And so it was. The only unexpected development was that some of the rubes caught on to the scam very quickly. Whether the casino will reimburse the suckers who got taken once they left the gaming tables will be up to the SEC and the Department of Justice, somnambulent enforcers of dubious reliability though they are.

Right now, we're into the part of the scam where conventional wisdom is being fashioned (And who says the United States doesn't manufacture anything anymore?) into "Well, everyone knew all along that this was an overhyped event." That way, the people who got fooled can be persuaded that it was their own fault they got cheated.

[tawadi]

7. Very good insight

Never thought of it as 'the people who got fooled can be persuaded that it was their own fault they got cheated.' That's the most ingenious scam of all, I guess.