Hordes of everyday New Yorkers played the fool yesterday to
Wall Street fat cats and Facebook insiders, who used a bloated stock price to
milk them of billions of dollars during an overhyped IPO.
With a $38-a-share price tag and forecasts for a 10 percent
jump, mom-and-pop investors blindly bought in with dreams of instant riches
that never came true.
Meanwhile, the social network’s hoodie-wearing CEO finished
the day with a net worth of $19.25 billion. The average Facebook employee saw
their on-paper wealth shoot up to $2.9 million….
Read the whole story at http://www.nypost.com/p/news/national/zuck_laughin_in_their_faces_YuKorcZA7fIl8DKPLksIhK
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