Facebook IPO: Sizzle vs. Fizzle
Many had high hopes for the Facebook IPO, but currently the new public company is not reaching expectations. Numerous opinions have been created about the IPO, including something the Huffington Post refers to as the “sizzle” and “fizzle.”
Those who believe the Facebook IPO has created a valuation of $104 billion for the company, made Zuckerberg a multi-billionaire, and gave the bankers what they wanted are considered the “sizzle.” Those who think the IPO was a total bust, was not priced right, and is down 12% are considered the “fizzle.”
Facebook was the first social network to go public, and many believe it set the tone for other social media sites. So if Facebook IPO continues to “sizzle” and “fizzle,” will other social sites follow suit?