Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
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Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
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Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#2My favourite part was when the hedge fund manager called himself "blue collar". I couldn't care about the rest, boo hoo there were technical issues, NASDAQ had a clause covering them in the event of technical issues and Facebook stock didn't balloon into the $60 or $70 per share price range. I don't feel one ounce of sympathy for anyone who can freely gamble away $100M then have the audacity to complain about it, if the situation were reversed the hedge fund manager wouldn't care if I lost out because I invested $100M into Facebook stock either.
Don't get me started on the fact this disillusioned guy thinks the stock should have been in the $70+ range. It doesn't sound like the guy should be handling money full stop, he obviously has a lack of understanding when it comes to the stock market.
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#3I have a lot of sympathy for those guys, their ability to artificially pump stock prices brings a lot of value to the economy. Anyways my heart goes out to them.
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#4"Then it was holding at $42 for whatever reason. $42. $42. $42."
42 is the answer. He's just not asking the right question. Sorry, couldn't resist.
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#5My favourite part was when the hedge fund manager called himself "blue collar". I couldn't care about the rest, boo hoo there were technical issues, NASDAQ had a clause covering them in the event of technical issues and Facebook stock didn't balloon into the $60 or $70 per share price range. I don't feel one ounce of sympathy for anyone who can freely gamble away $100M then have the audacity to complain about it, if…
The hedge fund has $100MM, that doesn't mean he has $100MM. He's managing other people's money, he's not "freely gambling" with it.
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#6My favourite part was when the hedge fund manager called himself "blue collar". I couldn't care about the rest, boo hoo there were technical issues, NASDAQ had a clause covering them in the event of technical issues and Facebook stock didn't balloon into the $60 or $70 per share price range. I don't feel one ounce of sympathy for anyone who can freely gamble away $100M then have the audacity to complain about it, if…
To plenty of us in the tech field a successful Facebook IPO would have opened up a path for other tech business to IPO in the near term. On top of that a successful IPO would have opened up some funding in our hacker space (Paypal Mafia/Google Mafia..etc). We want them to be successful.
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#7I have a hard time drumming up sympathy for these guys. They're mad because they couldn't make a quick buck. Isn't a hedge fund just gambling? It's high time Wall St. learns that it's never a good idea to put more in the pot than you can lose.
The part that is most striking to me is that share price and a company's intrinsic value are seemingly in different galaxies. This guy is talking about decisions based on hype. I'm floored. Do these guys really trade based on public opinion?
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#8I have a hard time drumming up sympathy for these guys. They're mad because they couldn't make a quick buck. Isn't a hedge fund just gambling? It's high time Wall St. learns that it's never a good idea to put more in the pot than you can lose. The part that is most striking to me is that share price and a company's intrinsic value are seemingly in different galaxies. This guy is talking about decisions based on hype…
You go to Vegas and put $5,000 on the roulette wheel and it breaks, it's like, hold on, I'm not going to do that.
I like this analogy. You want to play the market, fine. But if NASDAQ breaks, is that really part of the game?
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#9"Anonymous Hedge Fund Manager: No doubt. But this should have been a blockbuster. This should have traded to $60 or $70. This should have launched a wave of tech IPOs."
I think Facebook just deflated the tech IPO bubble for a year or so. No average Joe is going to invest, because, "Well fuck, if Facebook didn't explode, why would any other new tech company? No thanks." The bubble is still there, but it isn't looking like it will be rapidly expanding like people expected it to after the fb IPO.
Re: Hedge Funder Who Bet $100 Million On Facebook IPO Is Furious
#10I have a hard time drumming up sympathy for these guys. They're mad because they couldn't make a quick buck. Isn't a hedge fund just gambling? It's high time Wall St. learns that it's never a good idea to put more in the pot than you can lose. The part that is most striking to me is that share price and a company's intrinsic value are seemingly in different galaxies. This guy is talking about decisions based on hype…
You go to Vegas and put $5,000 on the roulette wheel and it breaks, it's like, hold on, I'm not going to do that. I like this analogy. You want to play the market, fine. But if NASDAQ breaks, is that really part of the game?
If they signed a legally binding agreement, then I imagine NASDAQ breaking would be part of the game.