I want in on the Facebook IPO — even though analysts point out that its revenues are leveling off, even though there are questions about its ability to grow future earnings to push stock prices higher, and even though a newcomer on the social media scene could knock it off its pedestal. What difference is there between buying Facebook stock and going to blackjack or poker tables in Las Vegas? It’s all a gamble to me.
Full disclosure: I’m one of the half billion daily active Facebook users. I was excited when I heard that Facebook Inc. was finally setting an estimated price range (of $28 to $35 a share) for the IPO on its stock. This is the most anticipated stock offering in years. I want a piece of it — even if it’s only a single share.
Everyday folks — mom and pop investors like me — rarely get a chance to buy stock at those low initial offering prices. I have a glimmer of shot through eTrade. Wish me luck. I’ll need it.