Our friends on Wall Street are at it again. It must have been like watching a drunk at the casino who thinks things are going to turn around with one more hand. All those rubes lining up with their pocket change to buy a piece of the Facebook. Whatever it was, people were excited enough to buy wildly overvalued shares of a company that was putting out some pretty weird signals. The $1 billion Instagram purchase seemed strange at first but when GM pulled its ads from Facebook only days before...
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Tags: Facebook, IPO, Wall Street, Nasdaq, Instagram, Mark Zuckerburg, @TheStalwart, Joseph Weisenthal, GM, CIA, Arab Spring, Social Network