Why did America love the Facebook IPO flop?
America loved the train wreck also known as the Facebook initial public offering — the hand-wringing, the squirming the whole public spectacle of embarrassment. Why? Because Main Street got it right and Wall Street got it wrong. Wall Street, Silicon Valley and the media all contributed to the hype.
Marketwatch Media columnist Jon Friedman joined KFWB’s Penny Griego and Phil Hulett to talk about it.