The price of Facebook (FB) stock is well below the $38.00 offering price in the pre-market unofficially making it a goat rodeo. Apparently syndicate bids aren't what they used to be.Facebook is clearly a life improving service for people interested in catching up with people they lost touch with decades ago, it is a game changer for things like non-profits to create awareness and even for large businesses.
Just as the internet exceeded the hype so too might Facebook be more than we thought but that does not have to mean the stock is a game changer. It might turn out to be, I don't know but this is part of a fad of recent social media names to IPO. Maybe someone can refresh my memory but I don't recall too many internet IPOs around the time Google (GOOG) IPO'd thus GOOG was not part of a fad.
Yesterday was a good day weather-wise at the Gladiator Fire which made for effective fire suppression but today the wind is due to increase and keep increasing for the next couple of days at least.
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