Because there is a bit of confusion about what IPOs are and, really, what the stock market is and how it works, I thought I’d take the IPO of Facebook as an opportunity to discuss it. In general, the “financial” part of our economy seems kind of crazy and embarrassing. Especially as, these days, a lot of what our economy does is just re-investing in our economy, seems dangerous. Maybe I will talk about it more in the future.
As for Facebook, I really believe that it (and lots of other companies that offer free services to their users) are dramatically overvalued. I think Facebook went public at the right moment, and that it’s stock price will dip substantially before it is correctly valued and starts growing again. But, y’know, I’m not a financial analyst. I do know that if Vlogbrothers was paid based on the same metric of $100 per user, we could sell our property for $20,000,000, which is, of course, several orders of magnitude of crazy.
But if you want to own a piece, just to say you own a piece, Facebook is FB on the NASDAQ