It's official: Facebook is worst IPO of the decade.
Adam Rifkin stashed this in Facebook!
That chart shows the first five days of the 10 biggest stock offerings of the decade.
Visa and MasterCard did best. GM at least stayed flat. Facebook did the worst.
Lots of unhappy stock holders will sell on the way up and be relieved that they got out without losing money.
Now the question is: how low can it go?
(We're asking the same question about that dog-of-a-stock, Zynga.)
Well, that's only five days in.
Really we have to see where they are in a year, 5 years, 10 years...
There was a time when Apple was almost dead. Now they're the most valuable company in the world.
But yeah, everyone who bought at the IPO is unhappy.