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View Diary: Facebook has left the building..... (25 comments)

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  •  This is normal (5+ / 0-)

    Brokers normally stop accepting orders for an IPO a couple days before it starts trading.

    They need to time to see how the allocation of shares will go.  In the case of FB, the demand was so high, they increased the amount of shares to be available.

    As far as FB's future, as long as there are 900 million eyes looking at that site, there will be advertising.  It may not be the place to sell a car, but that doesn't mean the model is totally wrong.

    The IPO will do very well and yes, those who get shares at the IPO price will do well for at least a few days.  After that, it will all depend on the company itself.

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