Persons who don't have a clue about investment IPO's seem to be the loudest in proclaiming that Facebook is going to simply drop off the map like Myspace.
Have any of you been paying attention?
Facebook has Morgan Stanley as their primary underwriter, along with three other companies. That right there is a MAJOR sign that Facebook is here to stay and that the stock has nowhere to go but up. Investor confidence in this IPO is through the roof.
Carefully note that Morgan Stanley also backed Google's IPO in 2004. Morgan Stanley does not mess around with their clients' money and their clients have DEEP pockets.
__________________
|