Since when did Bill Clinton's Presidency become

[bigbrother05]

102. A big part of the dot com bubble was the result of the IPOs

The big banks (the same guys that crashed us in 2008/2009) were the ones putting the IPOs together for all the tech companies. They would set the initial stock price and presell to their best "customers", mostly their partner investment banks. What happened then was that because their "analysis" of the initial price was low compared to what had been happening in the market, the first few hours/days led to a massive increase in the stock value.

That had two effects, the initial buyers (their presale buddies) made huge profits and the company only got half or less of the real stock price as operating capital. If an IPO is fairly priced, there shouldn't be a massive immediate move and the company will get their fair share of their value to build the company for the long term.

As usual, the banksters used the arcane nature of their business to fleece the public and keep the cash at the expense of all others, including their trusting clients. They make money no matter which way the market moves.

While I couldn't care less about Zuckerberg's personal fortunes, the Facebook IPO didn't have a huge move out of the box, so they got a fair value for the company based on the market perception. Think it is probably becaue the public remembered the lessons of the tech bubble.