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Daily Mirror editor says to forget about SEO
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.
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.
Mathew