iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,864 Blog Posts

$ETSY Shareholders Never Had a Chance

The after market shareholders, that is.

ETSY is especially egregious to me because of how obvious it was that they sucked giant moose balls. Wall street paraded this giant heap of shit on people, through the media and investment banks, drumming up demand for IPO. I recall debating one of the bedlamites from Benzinga on Twitter about the prospects for this crafting giant of cock.

Now that the stock is single digits, perhaps we should revisit who sold on the IPO? Yes, a grande idea. Why not?

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I hold nothing against Frederick Wilson, per se. It’s only that he represents something that I find wholly distasteful, the garish flaunting of wealth by a super elite and exclusive group of financiers, powered by nerds with Aspergers, whose rise to power isn’t zero sum. The difference has been made up by a retail investor who’ve been sold, hook, line and sinker, that the social media boom will make them rich.

The social media boom made some people rich; now everyone else provides liquidity for the lucky few, early investors.

Again, don’t buy VC backed IPOs for at least 1 year after IPO.

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4 comments

  1. infinitezuul

    Facebook beats top and bottom; Shares plunge

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  2. gappingandyapping
    gappingandyapping

    Selling this $NK yesterday makes me want to punch holes in cinder blocks

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  3. gappingandyapping
    gappingandyapping

    $FEYE GORILLA RAPED

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  4. stockslueth

    And they tell such wonderful stories.

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