Facebook IPO, the disaster
For those of you who aren’t aware, any company in the US that goes above 500 shareholders has to go public with reasonable stocks. Initially, when the Facebook IPO was being filed, a lot of media attention went its way, and for obvious reasons. Everyone saw a gold mine in this public offering, but when D-day arrived it didn’t turn out to be as lucrative as was expected. Investors lost a great deal and some serious questions were raised at the young leadership of Facebook and whether or not they had a solid plan. In trying to salvage their reputation, especially in the US, Facebook later announced that they were coming up with their own smartphone (how original!) which was later delayed for reasons unknown.