Did Anyone Make Money Betting Against Facebook?......

[global1]

I see that there is a number of Facebook IPO related lawsuits out there. Just wondering if anyone made any money on the stock price dropping?

[taught_me_patience]

1. How could you? There were no shares to short. n/t

[lastlib]

6. They could still borrow shares to sell once trading had started, and cover later...

...at a lower price. Or take out sell options (puts). Naked sell options would've been pretty risky, but of course in hindsight would've been pretty profitable. I have no doubt that some contrarian that had a good read on the stock pulled this off and made a bundle.

[Cary]

2. I did.

I didn't buy any so I've made money.

[Warpy]

3. I sat on my hands.

I suppose you could say I made money because I didn't lose any.

Remember, there were stories for two weeks leading up to the first day's sale that company insiders were dumping their stock.

There's no way Facebook was worth what Zuckerman said it was. It doesn't generate that kind of revenue.

[LiberalFighter]

7. I wouldn't put the blame entirely on Zuckerman on assessing the worth of the stock.

Rather on the jackasses that put the IPO together.

[louis-t]

4. The only guys that made money were the ones that bought at $38

and sold at $41, thus crashing the stock.

[cbdo2007]

5. I made money buying other stocks and not wasting my money on Facebook....

I had an order in the system (going against my gut), but luckily cancelled it within the first hour when things didn't look right.