The price for the small number of shares I bought is double the actual cost of the stock after the online company added in its fees.Facebook's stock may prove to be a huge "fail" in the coming months, or it could be that the value will go up. Time will tell.
Either way, it will be years before an individual share earns back the cost, fees and shipping charges that I paid. But it was all done for the nostalgia of it all -- purchased on May 18, 2012 -- setting a new volume record for an IPO ever.
|Facebook's billionaire Zuckerberg opens trading on May 18, 2012
No, I did not buy shares in Facebook to get rich. Goodness knows I wouldn't want to be part of the dirty, filthy, depraved, thoughtless, self-absorbed, bigoted, racist, stingy 1%. Yeah, I wouldn't want to be wealthy or anything....
|Occupy D.C.'s McPherson Square campsite in January 2012
McPherson Square is right up the street from the White House. Speaking of the White House, do you think President Obama bought shares in Facebook today? We know that he has a few bucks to spare, and he likes having his face on things, and (of course) he has a Facebook page with lots of goodies for sale, including these fan favorites in stock:
|Official WH TP, usually bought along with the above doll
|The W(h)iner President