Vivek Wadhwa, the research director at Duke University’s centre for Entrepreneurship, argued that nothing good has come from the Facebook IPO during an interview with Bloomberg West on Thursday.
“The public have lost lots and lots of money. We transferred billions of dollars from Main Street to Wall Street and Facebook. People are angry, they’re resentful, and it did a lot of damage to the reputation of Facebook,” Wadhwa said. “Nothing good came from it.”
Here’s the video: