Facebook Goes Public – PH Watches From From A Wealth Redistribution Perspective


From The 1983 Movie Trading Places

Captains Log Stardate – May 18, 2012 at 8:42 AM PST.
Facebook is officially a public traded company as of 11:30 AM EST with a half hour delay due to some technical difficulties on the street.

Currently watching CNBC, and the sentiment of Jim Cramer from Mad Money is as follows in regards to purchasing shares in the company.

11:30 AM Opening Price - $42.00 per share.
11:50 AM Current Price -  $38.01 per share!?!?!

A different closing price perspective to consider.