Shelly Palmer Radio Report – May 21, 2012

[wpaudio url=”″ text=”Click to play … ” dl=”0″]

Did Facebook have a successful IPO last Friday?  Absolutely.  Facebook raised over $16 Billion dollars of public money to use to expand its business.  Early investors who chose to cash out received an exceptional return on their investment.  And that’s really what successful IPO’s are all about.  Now, if you happened to be lead underwriter Morgan Stanley, or JP Morgan or Goldman Sachs, the other underwriting banks, Friday was not the best.  In order to keep Facebook’s shares trading above the $38 initial price, the underwriters had to move into the market and buy shares.  So, while 28 year old, Mark Zuckerberg  joined the ranks of multi-billionaires, his bankers had a very bad day at the office – their fees reinvested in Facebook to prop up the stock price.  What’s next?  I’m not a financial advisor and this is not financial advice, but don’t be surprised to see this stock go down before it goes up.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



PreviousVerizon: Here's How You Can Keep Your Unlimited Data Plan NextCable Giants Partner to Offer 50K Free Wi-Fi Hotspots for Subscribers

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.