New York Post Has One Word For New Facebook Investors

new york post facebookTell us what you really think.

Photo: NYPost.com

The New York Post is pulling no punches this morning.┬áHere’s an excerpt from today’s cover story:

They were Mark Zuckerberg’s cash cows.

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 per cent jump, mum-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.

Reporters Georgett Roberts, Josh Saul, and Jeane Macintosh interview experts and new investors, who respond to yesterday’s lackluster IPO.

Read the whole story at NYPost.com.

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