Facebook
shares are melting down again on Tuesday, and though the rest of the
stock market doesn't seem to care, it should: This episode will likely
further cement Main Street's hatred and distrust of Wall Street.
That's because the Facebook IPO had examples of pretty much everything that is wrong with the stock market today. Media and analyst cheerleading? Check. The destructive influence of high-speed trading? Check. A system built for insiders to profit while retail investors pick up scraps? Duh.
That's because the Facebook IPO had examples of pretty much everything that is wrong with the stock market today. Media and analyst cheerleading? Check. The destructive influence of high-speed trading? Check. A system built for insiders to profit while retail investors pick up scraps? Duh.
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