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There were two big stories today and even if you don't follow business news, you couldn't possibly escape either of the stories.
They were almost like radiation. You might wish that you could escape, but you can't. You can't even feel safe.
Chances are pretty good that you're a Facebook user to some degree and chances are pretty good that you're an Amazon shopper.
There are reportedly 800 million Facebook users worldwide. No one really knows that much about Amazon, though, as it tends not to release very specific data regarding itself, other than what is required by the Securities and Exchange Commission.
Sometime today Facebook is expected to announce details of its IPO. Following the model so well popularized by the likes of Linkedin, Groupon and Zynga, Facebook is only going to release 5-10% of its outstanding shares, with a reported valuation approaching $100 billion.
There's no way you could have avoided any of that news over the past couple of days.The hype has been incredible. In fact, Herb Greenberg of CNBC did an interesting piece the other day of a "respected" broker-dealer huckster perhaps skirting regulations and hyping the need to invest in the pre-IPO ownership of the next Facebook, which now happens to be Facebook.
This one will be among the hottest IPO's known to mankind and we'll undoubtedly hear lots about the inequity in the process of distributing shares, as anyone that you're likely to know will be shut out of that process.