To many Facebook shareholders, yesterday was likely another dispiriting day. Shares only dropped further below its $38 IPO price, leaving many to wonder about its early valuation and the tact of Morgan Stanley’s aggressive push, and many others wondering if they made an unwise investment.
Henry Blodget, the CEO and editor-in-chief of Business Insider, was on The Takeaway before Facebook’s NASDAQ debut, and he returns to assess his speculations, and what this means for the company and its investors.
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