Facebook IPO No-No

Facebook's IPO was welcomed to Wall Street and public investors last Friday, May 18th.  It opened at $38 and closed at $38. Before it had closed, I was considering in buying some of the FB stock shares.  But a fellow co-worker with some stock and CPA knowledge didn't find the "sexiness" in it.  He asked, "Where's the revenue coming from to begin with?"  

Monday, May 21st, it was the same story. FB had dropped once again, closing below the buying price.  And today (May 25th), it's currently at $32.  So what was all the hype about?  Could average investors get rich off of FB?  Is it even worth it?  Many Wall Street analysts and reports have all said no.  

Basically, the only one getting rich off this is Zuckerberg , private coroporations/banks/inverstors and possibly even some of Zuckerberg's empoloyess.  Since it's opening, it has only declined. Zuckerberg has already lost about $4BILLION in shares.   The lost shares will have to be made up if the IPO doesn't incline.  Ideas have been thrown out that more advertisements would appear, Facebook would sale user information, or even charge a fee to use Facebook.

It has now even raised eyebrows in Capital Hill.  An investigation into the IPO is soon to follow.  One bank involved in the IPO has already recieve a subpoena. 

Your move Facebook...