Mon, May 28, 2012, 7:51 PM EDT - U.S. Markets closed for Memorial Day

Why Facebook IPO Is a Bonanza for Wall Street

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Wall Street is about to make $100 million thanks to a once obscure law passed nearly 50 years ago.

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6 comments

  • john  •  3 months ago
    GREED IS GOOD ! !
  • Rubin Hood  •  Elmhurst, Illinois  •  3 months ago
    Mainstream tweens and teens have already decided for you. They are shunning Facebook in droves and have moved to Twitter for privacy. Wake up and stay away from Facebook, you will lose your shirt!
  • Terry  •  Louisville, Kentucky  •  3 months ago
    Way to go CNBC. This will make great fodder for the OWS crowd, not that they needed anything else to make a stink over. Looking forward to this summer's riots.
  • Dave  •  3 months ago
    I Public O? where do i buy?
  • William  •  Milwaukee, Wisconsin  •  3 months ago
    The real question is what is Wall street doing to earn its $100 million. They certainly are not making a market for the stock as the stock will sell itself.
    • Space Vegetable 3 months ago
      Not all stocks sell themselves as wwell as Facebook.
  • Anonymous  •  3 months ago
    And it is also BAD for the market. Imagine all the money going into Facebook instead of going into better companies and places to invest. Facebook has thus far ripped off corporate America by collecting "advertising revenues" that it doesn't even deserve via a highly flawed "advertising" model. Guess who ultimately pays - main street pays higher costs for those products and services. And now - main street getting suckered into buying this stock so that the cabal of private owners can cash out? No thanks. And this is bad for the market and investment liquidity.
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