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The Facebook economy
The dot com industry has been causing a stir for the past 20 years and Mark Zuckerburg is responsible for the latest buzz on Wall Street with his ‘Initial Public Offering’ of Facebook.com
The initial results haven’t been great, despite going for $28-$35.
As Warren Buffett said “Be fearful when others are greedy and greedy when others are fearful” and as I keep saying in our podcasts, it’s not about timing the markets but time in the markets.
So are the recent stock results a reflection of how Facebook will fair in the future? Probable not. Read the article on this from the economist here. Or if you would like to talk to us about your stock options, contact us.