The Fed and Facebook

On the surface, The Federal Reserve Board and Facebook have nothing in common.

But media speculation about Fed action is very similar to the speculation that preceded Facebook’s IPO.

For a year or so before the IPO, it seemed that every business reporter was writing about when Facebook’s IPO would take place.  While some of the better journalists talked to analysts who questioned the company’s valuation, there was also a great deal of hype about the impact Facebook’s IPO was going to have on the economy and on the environment for IPOs. read more

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