Leading to yet another internet bubble?
Originally posted on Gigaom:
At the close of its second day of trading in the public markets, the Wall Street consensus is that Facebook’s (s fb) IPO was a flop. But it’s actually par for the course to see Wall Street and the tech media hype the heck out of something and then tear it apart at the first hint of failure. In this case the hint of failure comes from the failure of the Facebook IPO to “pop” or rise substantially on the first day of trading, giving those who got in on the IPO a quick potential profit.
While the real story of the Facebook IPO won’t be written for quite some time, here’s some historical perspective and guide to the blame game.