Everything you wanted to know about the Facebook IPO
DSCN1753 by Perpetualtourist2000 (cc by)
In an Ask MetaFilter question about short term buying of Facebook stock around the IPO, member jeb lays out the crazy world of stock market IPOs, how they function, and why you'll probably pay more than the opening price.
The way the IPO business works is…sort of corrupt, to varying degrees. It's definitely not a good place for the individual investor. Basically what happens is this...
