Re:FB nearly cut in half since IPO (22.28 current low)
by Jare on Friday July 27, 2012 @11:02AM
(#4301748)
If you're not buying a significant share and are 'just investing' in a company's potential, you should actually feel more confident knowing that the company is firmly steered by the hands that created it and made it successful.
Re:FB nearly cut in half since IPO (22.28 current low)
by tomgallard on Friday July 27, 2012 @11:14AM
(#4301814)
But I want to be able to make that decision. There's nothing stopping me from re-electing Zuck as CEO every year and letting him do his thing.
However, if he starts doing crazy things, or I think there's a better candidate for the job, I want to be able to vote to chuck him out. 1 share 1 vote!
You're also falling prey to anchoring bias. Because Facebook stock has previously been twice as much as it is now, it seems 'cheap', and a good deal.
What you really need to consider is the net value of Facebook as a company (by assessing its long term money making potential), and deciding whether its currently under or over valued.
I personally would never consider buying shares in FB because of the weird voting structure/rights. When I buy a piece of the company I want the corresponding votes to have my say in making sure that company is run in my best long term interests.