{"id":5141,"date":"2012-05-22T15:48:14","date_gmt":"2012-05-22T21:48:14","guid":{"rendered":"http:\/\/michaelsiegel.net\/?p=5141"},"modified":"2012-05-22T15:48:14","modified_gmt":"2012-05-22T21:48:14","slug":"the-ipo","status":"publish","type":"post","link":"https:\/\/michaelsiegel.net\/?p=5141","title":{"rendered":"The IPO"},"content":{"rendered":"<p>Two things about Facebook&#8217;s massive <a href=\"http:\/\/blogs.wsj.com\/deals\/2012\/05\/22\/facebook-among-the-worst-big-ipo-starts-in-5-years\/?mod=e2tw\">faceplant<\/a>:<\/p>\n<p>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.<\/p>\n<p>2) It&#8217;s just three days.<\/p>\n<p>I&#8217;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two things about Facebook&#8217;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&#8217;s just three days. I&#8217;m always astonished by the manic pace &hellip; <a href=\"https:\/\/michaelsiegel.net\/?p=5141\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">The IPO<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[160,161],"class_list":["post-5141","post","type-post","status-publish","format-standard","hentry","category-culture","tag-finance","tag-stocks"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2BzKF-1kV","_links":{"self":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/posts\/5141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5141"}],"version-history":[{"count":1,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/posts\/5141\/revisions"}],"predecessor-version":[{"id":5142,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=\/wp\/v2\/posts\/5141\/revisions\/5142"}],"wp:attachment":[{"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michaelsiegel.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}