General Motors threw a last-minute splash of cold water on expectations Tuesday.The auto giant’s executives reportedly decided to yank their relatively small million ad campaign from the site for a very big reason: They said Facebook ads don’t work.That’s on paper, though: Facebook employees will have a 90- to 180-day “lockup” period in which they can’t sell their shares, to prevent the market from being flooded.
But that ambivalence appeared at odds with the growing hoopla around Friday’s start of public trading in the company’s shares.
Analysts expect huge volatility when shares begin trading under the ticker symbol FB on Friday.
“Some investors are just captivated with the idea of owning Facebook,” said Dan Veru, chief investment officer at Palisade Capital Management.
Analysts said the initial offering of 337.4 million shares was already vastly oversubscribed and advance orders were being cut off.
Otherwise, she can walk away with 9 billion,” Trump tweeted.
Pucelik, MD died Saturday, January 6, 2018, at the age of 74 after a short illness. Bob graduated high school from Pius X in Lincoln, NE.“There are more than 2 billion global Internet users,” Facebook said grandly in its SEC filing, “and we aim to connect all of them.” RELATED: WHAT YOU NEED TO KNOW ABOUT FACEBOOK'S INITIAL PUBLIC OFFERING By August, the social network is expected to sign up a billion people — one of every seven humans on the planet.That staggering reach, and investors’ everyday familiarity with the product, was fueling an unprecedented appetite for shares.Once the stocks begin trading Friday, anyone can buy — but by then, it may no longer be a good buy.Excitement and hype can send a new stock soaring into the stratosphere.That would make him approximately the 15th richest man in the world, on par with Mayor Bloomberg, but trailing the likes of Bill Gates ( billion) and Warren Buffet ( billion.) Donald Trump had some practical advice for him Tuesday.