This week’s award goes to the dudes who sued over the FaceBook IPO. I realize it is blasphemy, but I’m bored with these overhyped software companies that sell social networking or innovation or whatever. It’s so 1997, can’t the media find something else to trend about? Remember the Netscape IPO–wasn’t that, like, twenty years ago?
Anyone who’s ever used FaceBook had to wonder about this one, and, as the radio pointed out, FaceBook, it’s angel investors, the employees and owners did just fine out of all this. If anyone gets hurt—now or later—it’s the little guys who didn’t have a way in until the company was on the open market.
Maybe it will work out, maybe it won’t. Here’s where I exit the drama, Stage Left.