This is really starting to bug me. Nearly a week after Facebook’s IPO and the papers are still saying that it was a failure. It wasn’t, or at least, whether or not is was depends on who you are. And I suspect you prefer the winner to the so-called losers.

Let’s start with the basics. What is an IPO? It’s simple: a company sells a part of itself in exchange for cash. In the physical world, that’s the same as me making something and selling it to you. For the sake of this example, let’s say that I sell it to you for £1.

• Deliberately uninformed, relentlessly so [a rant] – “Many people in the United States purchase one or fewer books every year. Many of those people have seen every single episode of American Idol. There is clearly a correlation here.” Wholeheartedly agree with this post. Not knowing stuff is fine. Being proud of not knowing stuff? Not so much.
• Twitter Can Predict the Stock Market – “Mao compared the national mood to the Dow Jones Industrial Average. She found that one emotion, calmness, lined up surprisingly well with the rises and falls of the stock market — but three or four days in advance.”