Saturday, May 21, 2011

Zynga Exec on LinkedIn IPO - Bankers were rewarding their friends

Was LinkedIn Scammed? - NYTimes.com: "As Eric Tilenius, the general manager of Zynga, wrote on Facebook: “A huge opening-day pop is not a sign of a successful I.P.O., but rather a massively mispriced one. Bankers are rewarding their friends and themselves instead of doing their fiduciary duty to their clients.”"

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Not moderated but I do delete spam and I would rather that people not act like assholes.