Facebook Inc.’s IPO debacle is not responsible for global warming or not a sign of the apocalypse. It isn’t the “stock story that changes everything,” the “trigger to the final fall of the American empire” or any of the rest of the hyperbole applied to it by bloggers and pundits fawning over the story.
It was an overpriced stock, where the initial valuation was based more on hype and goodwill than a real assessment of value.
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