Hyperbole is very nearly the oxygen of the financial writer, and so it's surprising to see plenty of doom and gloom around Facebook (Nasdaq:FB) these days. The stock has very definitely underperformed
since it went public, and the expiration of the first lock-up period
(and potentially 271 million shares up for sale) may only make it worse.
Whether Facebook goes down as the worst IPO ever is a story that is far
from written, but investors would do well to pay attention to the
lessons it has already offered.