tenthertoo
...worst of all I'm DULL
It used to be that corporations issued stock to make capital investments - plants, raw materials, infrastructure, etc. or to expand their operations.
facebook didn't raise money to build a 16,000,000 sq ft plant (like Ford did) they already had already built their "campus" and infrastructure with existing revenue. From that revenue they were paying their employees and themselves quite well I'm sure.
NO, they issued stock to "cash in" to make the "big bucks". That's not what it's supposed to be all about. SHEESH!!
facebook didn't raise money to build a 16,000,000 sq ft plant (like Ford did) they already had already built their "campus" and infrastructure with existing revenue. From that revenue they were paying their employees and themselves quite well I'm sure.
NO, they issued stock to "cash in" to make the "big bucks". That's not what it's supposed to be all about. SHEESH!!