The IPO

Two things about Facebook’s massive faceplant:

1) Anyone could have seen this coming. The hype was so intense there was no way FB could live up to it. For a company not turning a profit, a $100 billion market cap was just absurd.

2) It’s just three days.

I’m always astonished by the manic pace of financial news. I think our economy would be a lot better off if we just ignored them and worked.

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