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LA, California, USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
Posts: 520 since Sep 2011
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It’s Becoming Clear That No One Actually Read Facebook’s IPO Prospectus or Mark Zuckerberg’s Letter to Shareholders
Because if anyone had read the Facebook IPO prospectus, they would have learned, among other things, the following:
Facebook's growth rate was decelerating rapidly
Facebook's user-base was rapidly transitioning to mobile devices, which produce much less revenue
Facebook's operating profit margin was already an astounding 50%, which suggested it had nowhere to go but down
Facebook's CEO had a nearly unprecedented amount of control over the company.
Facebook's CEO had set up this astounding level of control intentionally. Mark Zuckerberg knew all about how impatient public-market shareholders are. And he set up the whole company so he would never have to pay attention to their whining.
In the 9 months following the IPO, insiders would be free to sell more than 2 billion shares of Facebook that they had been holding for years
It?s Becoming Clear That No One Actually Read Facebook?s IPO Prospectus or Mark Zuckerberg?s Letter to Shareholders | Daily Ticker - Yahoo! Finance
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