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- Thanks, Andy. I thought it might have something to do with records. Great research on the Girl Talk stuff, by the way. If I had any pull at my newspaper I would hire you to just do projects like...
- Thanks for the link! Here's the <a href="http://www.metafilter.com/user/1511">origin story</a> of Waxy.org, documented on my user page at Metafilter.
- This hit me like a ton of bricks.. so very sad.
- dag.... that is tragic. It's so easy when you get in a hole to think you'll never see the sun again. People feeling connected 24/7 but lonelier too, and the holiday season sometimes...
- Thanks, Mark.
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And so we return to our story, to find our hero — the plucky little (or not so little) voice-over-Internet company Vonage — finally going public, after much back-and-forthing over the past year about when to issue stock and for how much, or whether to try and convin
... Continue reading »
2 years ago
what i don't understand is who bought into the IPO and why? i mean, we all knew it was a money-losing dog that has to advertise like crazy to maintain any sense of momentum. yet, they were still able to sell more than $500-million of stock. i mean, what were these investors thinking? did they really believe that they would score if they jumped into the IPO rather than wait and see what unfolded. i mean, vonage isn't like the google IPO where "smart" investors stayed away because they thought it was expensive.
2 years ago
Seriously though, I don't know who bought it, but it was obviously people who didn't really pay much attention to any of the market research or commentary out there. Maybe it was Vonage users who bought stock through the special offer they did, and then dumped it.
My hunch is that it was probably fund managers looking to make a fast buck by dumping it after the first-day pop, except that they didn't get one.
2 years ago
2 years ago
Mathew