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Monday, 14 May 2012

Facebook's IPO: -3 days


With Facebook's IPO scheduled for May 17th, scepticism dominates in Wall Street due to the uncertain prospective of Mark Zuckerberg's creature. According to a poll conducted by Bloomberg, 79% of investors, traders and analysts who took part in the survey believe that FB's $96 billion valuation is too high. The poll results were unveiled after the news that FB advertising revenues have not managed to match the pace of user growth. Furthermore, Zuckerberg's outfit at Wall Street (The Hoodie Gate) drew criticism, with some Wall Street old grumpies tagging him "immature kid". Time to retire in the Caribbean for you, old grumpies?!