The Facebook IPO looked and seemed, to me, to be nothing but a money grab...with people in the "know" cashing out asap while trying to prop the stock up so others will buy it.
The Twitter IPO appeared, again to me, that there were actually more buyers than sellers (opposite of the Facebook IPO)...so it certainly doesn't seem to be as nefarious as what the Facebook situation seemed.
Regardless...I still don't see how there can be that much "value" into a non-tangible entity...but that is what much of the "new" American economy is, imo.
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