Facebook Investors: Stop Whining And Be Patient For Profit (SeekingAlpha)
Here is an excerpt of my recent article in SeekingAlpha:
Facebook Investors: Stop Whining And Be Patient For Profit
Amid all the articles analyzing the Facebook (FB) IPO, with all the very legitimate concerns about lack of disclosure by underwriters or procedural errors by the market on the day of the IPO, seems to be a core belief that investors who bought stock on the day of the IPO deserve to have profited.
Without taking away from the seriousness of the disclosure or procedural problems, I'd like to remind everyone of two things.
First point: Until the day of the IPO, the only people that truly deserve to profit are the founders, employees, and early investors.
Second point: Facebook's prospects for the future haven't changed one iota.