. . . is simple – there’s too darn much of it. In the olden days, you could either send letters or show up in person. Then the telephone was invented, and you could send letters, show up, or call. Eventually, it became rude to drop in on someone, and then everyone got email. So… [Read More]
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Tag: Facebook
What Happened at Facebook, Anyway?
The Facebook IPO had problems, but they are not especially unique. The problem, really, is that it has been so long that we’ve had a lot of IPOs that everyone has forgotten how they work. Way back in my investing banking days, I worked for a firm that was a dot-com bubble IPO factory. (Alas,… [Read More]
