This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Facebook IPO: God Help Us All

Stocks in this article: FB

NEW YORK ( TheStreet) -- Welcome to the castle: The Facebook (FB) IPO has now embodied all the worst that Wall Street represents and the massive irony is that it has done it with the vanguard application of the "one percenters" and "Occupy Wall Street" crowd -- the social network app that supported the Arab Spring and Chinese dissidents.

But even more, we are now all tied to this public offering, and perhaps the confidence in our recovery and the health of our economy might actually stand in the balance of it's success. That's how much hype the Facebook deal has been endowed with, and how much our system of capital allotment has invested in this one company. If this deal fails, I predict we're in for a far greater fall this summer in our markets.

Call me a Luddite, but even 900-million strong get-togethers and "blogging about Bieber" doesn't inspire my instincts in the promise of capitalism. Today, the Facebook IPO was given a pre-market valuation of $104 billion -- only slightly more than Total (TOT) and a bit less than BP (BP).

What do I want in a rapidly growing world? A network of unpaid subscribers without a monetization plan, or a company that provides the energy for all human progress?

Still, the avalanche of media attention has made this morning's IPO the most important financial story of the year thus far. While most of the analysts and pundits have been relatively cautious about the opportunity for retail investors, it hasn't stopped the explosion of interest. Every greenshoe -- including from Imelda Marcos's closet -- has been tapped to increase the float from sellers and deliver the maximum cash to angel investors and 20-something founders.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs