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"But how long until the public markets apply this same cruel logic to the other overpriced stocks that venture capitalists and investment bankers have foisted upon them?" - Dan Lyons

What do you think the effect of Facebook on the tech market will be?
Jon Porobil (Jon Eric)'s profile photoAmig Von Hallen's profile photoZach Stein's profile photoSusan Jones's profile photo
I seriously doubt that Facebook's miscalculated opening will hurt ALL other tech IPOs... unless they somehow all manage to raise eleven figures.
The problem's going to be the public figuring it out. Facebook was high enough profile that everyone talked about it, so everyone with 2 braincells to rub together realized that 50x earnings was too big a valuation for something like Facebook. Maybe it means more investors will be savvy enough to say "Show me the product and the revenue" before valuing companies at 100B$. This is just like the .com bubble in the 90s.
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