Facebook Even More of an Enigma Post IPO

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Originally published on Fox Business
An IPO is supposed to bring clarity to a company by virtue of the transparency required through the process. But Facebook's IPO has managed to accomplish almost the exact opposite. The future of the company and its stock are both more uncertain than ever. Facebook (FB: 28.07, -1.53, -5.17%) the company was an enigma to Wall Street long before its now-infamous initial public offering last month. To some it represented an easily monetized global community, a cash cow. To others it seemed little more than a fad. But Facebook the stock was something else altogether. It was supposed to be a can't-miss moonshot for anyone lucky enough to grab some shares ahead of the IPO. Now the company and the stock are mired in the same no man's land. Despite all the pre-IPO hype and the immense popularity of the social networking web site, Wall Street clearly has no idea what to expect from either Facebook the company or Facebook the stock. Continue reading this story
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Posted In: General
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