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Can someone please explain the Facebook IPO "Instant millionaires and billionaires" to me?
01-16-2013, 09:34 AM
Post: #1
Beau Hogrefe Offline
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Can someone please explain the Facebook IPO "Instant millionaires and billionaires" to me?
I've never quite understood how that works. How do they instantly become so wealthy? Do they physically have the cash in hand or are they just wealthy on paper? And since the stock has fallen about 10% since its IPO aren't they less wealthy? Is it possible for them to lose their money?

Ya, I know this isn't political but I figured someone in here would know.
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Messages In This Thread
Can someone please explain the Facebook IPO "Instant millionaires and billionaires" to me? - Beau Hogrefe - 01-16-2013 09:34 AM
[] - X - 01-16-2013, 09:38 AM
[] - Maxwell - 01-16-2013, 09:46 AM
[] - loudname382 - 01-16-2013, 09:51 AM
[] - MTR 2.0 - 01-16-2013, 09:58 AM
[] - Common Sense - 01-16-2013, 10:03 AM
[] - 70 year old virgin - 01-16-2013, 10:04 AM
[] - gomanyes - 01-16-2013, 10:10 AM
[] - BriteLite - 01-16-2013, 10:19 AM
[] - Bobby Tangeray - 01-16-2013, 10:24 AM
[] - StephanieM - 01-16-2013, 10:30 AM

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