On this week's Flash Talks Cash, JoAnn "Flash" Fleming and Andrew Newman are talking about the initial public offering of Facebook stock. Hear why Facebook might be in legal trouble for revealing projections, why the stock prices fell after the first few days. Will Facebook stock remain on the NASDAQ? And will the value of the company continue to grow even though GM pulled their advertisements from the site? Late on in the episode, Flash tells us about some avenues to re-sell old electronics, and talks about the amount of people making over one million dollars in income in New York City. This episode was sponsored by Roberta's.
"There's a strategy when they're pricing the stock to either keep the price high so the company makes the maximum amount of money on the IPO issue, or lower the price a little bit so the investors can make that one-day pop and be happy." -- JoAnn "Flash" Fleming on Flash Talks Cash
"We're talking about intellectual property and not real assets or real revenue streams. It's all hypothetical- there's no realistic thing behind that to prove that it's actually worth that much money." -- Andrew Newman on the Facebook stock, Flash Talks Cash