Hacker News Reader

Those "pension funds and other last-sucker-in-line investors" are to blame for not doing good diligence.

FB, Zinga, etc. cannot be accused of not leaving money on the table.

Updated: The OP did not accuse anyone, it's just my feeling toward those IPO. Big funds, with high management fees are to blame!

View on HN

Agreed and there is plenty of blame to go around and anyone who buys an IPO has to assume a certain risk. Unfortunately for us the fact remains that when the top of the eco-system starts to look shaky it can have reverberations all the way down the line. We should not under-estimate the impact of this.

Reply on news.ycombinator.com