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Why America loves the Facebook fiasco - MarketWatch

The Pew Research Center’s Project for Excellence in Journalism pointed out on Monday that the social-media behemoth’s May 18 IPO, which placed the worth of Facebook /quotes/zigman/9962609/quotes/nls/fb FB +1.00%  at $105 billion, “sparked significant discussion on Twitter, blogs and Facebook itself, with more expressions of skepticism than confidence about the stock’s value.”

Twitter users were the most skeptical of all, as nearly four times as many users said that Facebook was overhyped as said it was worth buying, Pew noted, adding tellingly: “Even on Facebook, the gap was nearly two-to-one.”

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Weidner on Facebook investors: You got pantsed

Do you feel pantsed? Marketwatch columnist David Weidner takes a seat on Mean Street to point out that the Facebook IPO took advantage of an investment community that should have known better. Photo: Getty Images.

There is a lot of pain to go around on this debacle of an IPO. But for once, Main Street is having the last laugh.

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