Small investors of course. Facebook announced their IPO at thirty eight dollars per share but kept secret their predictions of a decline in revenue would come in the following year.
The result? A few lawsuits and some disappointed faces.
Facebook benefits from the likes of small investors but takes on an embarrassing blow by being the most disastrous first week of trading by Initial Public Offering in the past ten years. Investors are holding their breath to believe these first seven days of trading may have simply been a fluke.
Investors will have a better idea at the end of thirty days whether or not this IPO is worth the time, effort and money they have been giving thus far. The social network is finding it rather difficult to convince top employees and investors of believing in company stock.