Saturday, May 12, 2012

Facebook IPO Wall Street Mark Zuckerberg Hoodies: LawPundit 3000th Posting and the Facebook IPO Price

Henry Blodget has it right at the Business Insider at MARK ZUCKERBERG'S HOODIE: So, Wall Street, Do You Get It Now?--He Doesn't Give A Crap About You!, but he is a bit hard on Mark Zuckerberg. After all, just like Zuckerberg, who on Wall Street, cares a penny about You!?

At the top levels of business and entrepreneurship, nice guys finish last.

Indeed, that is why we have laws and regulations and a legal profession and courts and all the attendant stuff, because, in the long run, the number of people who care about the "other" guys are not too many. That is the entire philosophic base of capitalism: every man or woman for themselves. So we have norms that have to be followed to keep things as clean as possible -- which is generally not very clean, but better than nothing.

We are not complaining here by the way, but that is just the way the system works.

#zuckerbergshoodie

Update: We just saw on Blogger that this is our 3000th posting on LawPundit. Is that an unexpected karmic projection as to a ca. $30.00 price per share for the upcoming Facebook IPO on May 17th, which is greatly oversubscribed? Note that Yahoo News reports in Zuckerberg kicks off Facebook's IPO show in New York that:
"Pivotal Research Group analyst Brian Wieser put a $30 price target on Facebook shares."
Or, do we wax futuristic in anticipation of our 4000th upcoming posting somewhere down the road and prognosticate a $40.00 price per share?

Or should we go with Douglas Adams in an attack of wild crystal-balling and set the prognosticated IPO price at $42.00. Now, THAT would befit a galactic hitchhiker, as we find at GoodReads.com:
 ""All right," said Deep Thought. "The Answer to the Great Question..."
"Yes..!"
"Of Life, the Universe and Everything..." said Deep Thought.
"Yes...!"
"Is..." said Deep Thought, and paused.
"Yes...!"
"Is..."
"Yes...!!!...?"
"Forty-two," said Deep Thought, with infinite majesty and calm.”
Douglas Adams, The Hitchhiker's Guide to the Galaxy "
Hence, in the last analysis, perhaps we should consider Milliways!
As far as the Facebook IPO is concerned, Milliways is the milieu of choice:
""If you've done six impossible things this morning, why not round it off with breakfast at Milliways—the Restaurant at the End of the Universe!" Believing "six impossible things before breakfast" is a quote of the White Queen's from Lewis Carroll's Through the Looking-Glass.
Now what does all this have to do with the Facebook IPO? Everything!

After all, Facebook too is part of the Answer to the Great Question.

Otherwise, Facebook would not be worth hundreds of billions of dollars or more, now would it?

Twitter Users Warned by Attorney General Dominic Grieve in England and Wales that the Internet is Not a Law-Free Zone: Grossly Offending or Causing Distress to Someone via Tweets is Illegal

Twitter users given legal warning in Britain
by the chief legal advisor in England and Wales
that the Internet is not a law-free zone.

Grossly offending
or causing distress to someone
via tweets -- or via blog postings or websites for that matter --
is illegal.

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