{"id":2379,"date":"2012-05-22T13:21:19","date_gmt":"2012-05-22T17:21:19","guid":{"rendered":"http:\/\/acro.net\/blog\/?p=2379"},"modified":"2012-05-22T13:23:01","modified_gmt":"2012-05-22T17:23:01","slug":"currently-marc-zuckerberg-feels-like-a-greek","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/currently-marc-zuckerberg-feels-like-a-greek\/","title":{"rendered":"Currently, Marc Zuckerberg feels like a Greek"},"content":{"rendered":"

The Facebook IPO, its woes and consequent downgrading by the underwriters<\/strong><\/a>, reminded me of exactly how the financial markets have treated Greece<\/strong>.<\/p>\n

When the financial crisis broke out at the end of 2009, those at Goldman Sachs quickly turned around and speculated against the very country they helped ascend the Eurozone in 2000. The bank made billions by betting on the collapse of the Greek economy.<\/strong><\/a><\/p>\n

This act, and subsequent downgrading of Greece, all while it was in the process of restructuring its debt via the issuing of bonds, does not differ from what Morgan Stanley and other underwriters just did with Facebook.<\/p>\n

Frustrated by the fact that he’s not being given the much-needed break<\/strong> in order to allow his company’s stock to shine through, Facebook CEO Marc Zuckerberg<\/strong> must be feeling like a Greek at the moment.<\/p>\n

With FB currently down 15% since the IPO, the backstabbing by its own underwriters less than 24 hours of trading later proves that there is no such thing as allies in the world’s financial markets.<\/p>\n

Meanwhile, the future of a country accused of everything and recognized for nothing<\/strong><\/a> is at stake, but its citizens can vote, at least, who will lead them through their subsequent battle of Eurozone, in the upcoming elections on June 17th.<\/p>\n

On the other hand, Marc Zuckerberg, sole “dictator” of his corporation cannot do the same, but he surely has been feeling like a Greek since the Facebook IPO.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Facebook IPO, its woes and consequent downgrading by the underwriters, reminded me of exactly how the financial markets have treated Greece. When the financial crisis broke out at the end of 2009, those at Goldman Sachs quickly turned around and speculated against the very country they helped ascend the Eurozone in 2000. The bank […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,3],"tags":[9,769,193,10,37,777,824],"class_list":["post-2379","post","type-post","status-publish","format-standard","hentry","category-business","category-domains","tag-acro","tag-acro-blog","tag-acronet","tag-acroplex","tag-acroplex-llc","tag-domain-investor","tag-facebook-ipo","entry"],"yoast_head":"\nCurrently, Marc Zuckerberg feels like a Greek - Acro.net - A Domain Investing Blog by Theo Develegas<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acro.net\/blog\/currently-marc-zuckerberg-feels-like-a-greek\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Currently, Marc Zuckerberg feels like a Greek - Acro.net - A Domain Investing Blog by Theo Develegas\" \/>\n<meta property=\"og:description\" content=\"The Facebook IPO, its woes and consequent downgrading by the underwriters, reminded me of exactly how the financial markets have treated Greece. 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