Facebook unveiled plans to go public. I'm sure there are many who will buy stock to see themselves eventually move up to that wonderful 1% of the monied in the US. Look at how many were made rich with Apple stock and Google among many others. If you have money, you invest heavily and it is less a gamble if you are wise about doing your homework on trends and history of a company. The NY Times writes: "In its filing, Facebook, which has more than 800 million users worldwide, said it was seeking to raise $5 billion, according to a figure used to calculate the registration fee. The company will seek to have the ticker “FB” for its shares, but did not list an exchange."Poor people can't get up enough money to take this legal , rich man's gamble. The best they can do is by KENO or other lottery tickets. Relatively speaking, their return is much less likely to be realized, odds being what they are.
Look here for more info from Mashable Media on this IPO.
1 comment:
Many not-so-rich people will benefit from the Facebok IPO. Stocks are just for the rich anymore: almost half of all U.S. households own stocks. And even those who will not be buying stock will gain fromFacebook's success, due to the jobs and tax revenue that the company generates. During this long, severe recession, the birth of a profitable business should be celebrated
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