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Technology Stocks : Meta Platforms, Inc. (Facebook)
META 620.93+0.9%Jan 15 3:59 PM EST
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To: Glenn Petersen who wrote (535)5/21/2012 10:00:16 AM
From: Wayners  Read Replies (1) of 3790
 
The real key is what did the underwriter pay for FB shares for the overallotment, let's day $28 but I bet it's in the single digits. They sold those for $38 before the opening of trading, they buy them back for $38, as long as they resell them for more than $28 they still make money, just not as much money.
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