July 30, 2012

Facebook: Who Bought At The IPO Is Holding The Bag

"The VCs, the private equity guys at the early stages, already cashed out and made their fortunes. Everybody else who ran to buy the stock at the IPO at a sky-high valuation ended up holding the bag. - in Economic Times

Related: Facebook (FB)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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