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Started By
Message
Posted on 10/2/13 at 2:15 pm to WikiTiger
quote:
come on dude, you can't be that stupid, can you?
Facebook was a "distressed asset" pre-IPO?
It's the same concept. Someone was looking for liquidity. And that market likely bought it for a song. I don't think it's distressed but the concept was buy below value and sell above that for a profit.
ETA: the same thing happened this year in the REIT market. No liquidity but users wanted out. Tons of companies opened up to buy those REITS for a song
This post was edited on 10/2/13 at 2:17 pm
Posted on 10/2/13 at 2:20 pm to WikiTiger
"Wow, so much going on the markets right now"
"Fiscal policy is in shambles and Obama himself saying monetary policy is taking the market's burden entirely"
"Italian politics have had a roller coaster the past couple days"
"Japan raises consumption taxes for the first time in two decades and the second time EVER"
"Let me go over and look at Money Talk, I'm sure there are some interesting discussions going on."
First thread: So what happens to Bitcoin now?
goddamnit.jpg
"Fiscal policy is in shambles and Obama himself saying monetary policy is taking the market's burden entirely"
"Italian politics have had a roller coaster the past couple days"
"Japan raises consumption taxes for the first time in two decades and the second time EVER"
"Let me go over and look at Money Talk, I'm sure there are some interesting discussions going on."
First thread: So what happens to Bitcoin now?
goddamnit.jpg
Posted on 10/2/13 at 2:22 pm to WikiTiger
quote:Yes. Once again you show your complete financial ignorance. Facebook was very illiquid pre-IPO. SecondMarket Holdings provided liquidity to FB because of that.
Facebook was a "distressed asset" pre-IPO?
quote:LINK
Founded in 2004 by Barry Silbert, SecondMarket Holdings, Inc. (DBA as SecondMarket) is an online marketplace for illiquid, restricted, and alternative investments.
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