With all of the recent financial scandals and trading losses, the last thing Wall Street needed was another humiliation, but those black eyes just keep on coming for public trading markets. Last week, Knight Capital, known for its electronic execution and high-frequency trading algorithms, suffered massive losses when a software glitch sent out a stream […]
How Facebook’s IPO Exemplifies the Injustice in the Financial Markets
I am dismayed by the number of pundits, legislators and organizations, claiming to be “small investor advocates”, who misrepresent the JOBS Act as another piece of legislation favoring the Wall Street establishment. The truth is the JOBS Act invites competition from both smaller financial service firms and investors which will in turn de-monopolize our capital […]
“Coulda, Woulda, Shoulda” – Lessons Learned from Facebook’s IPO
What “coulda” ignited a desperately needed thriving IPO market, Facebook’s IPO is going down in the history books as a cluster of mishaps complete with a series of investigations and lawsuits looming in the distance. In case there was even a shred of doubt left, the Facebook IPO validates just how dysfunctional the public markets […]
The Wrong Day to Quit Sniffing Glue or Make Your IPO Debut
Some call it a cultural phenomenon. Others label it a colossal waste of time. No matter the sentiment, all attention was on Facebook’s IPO entrance on Friday. Well, except for NASDAQ, who was too focused on repairing its malfunctioning technology, oh, and the European Union, who was busy worrying about its looming financial collapse. Instead […]
Cousin Cara and Facebook’s IPO
Since Facebook’s long anticipated S1 was filed on February 1st, pundits have been coming out in droves weighing in on everything from Facebook’s revenue growth to the number of hooded sweatshirts hanging in Zuckerberg’s closet. I haven’t heard this many opinions being expressed since my daughter learned how to speak. I’ve read everything from, “Undervalued” […]