The cost of driving
Clark explains why keeping that old car just a couple more years could save you some big bucks.
It only takes three simple words to describe the global phenomenon that’s teaching a lot people the acronym IPO: "The Social Network." Investors from Wall Street and Main Street allike are converging on Facebook’s highly-anticipated initial public stock offering, even though Main Street will likely walk away empty handed -- at first, anyway.
A lot of people who don’t know or care much about the nuts and bolts of investments are, for whatever reason, fascinated with this. But being a fan of Facebook doesn’t mean you have to be a fan of the IPO, and realistically most people won’t get the chance to participate. The initial public offering, expected to happen Friday, could value the social media giant at more than $104 billion, based on its newest estimated share price of $34 to $38. That would make Facebook the biggest tech company to go public in U.S. history. Maybe that’s why the IPO is getting so many “likes”?
