The stock is falling! The stock is falling! If you stopped following the Facebook IPOcalypse on Friday, it might be time to pull up your chair again. FB has plummeted 12 per cent as of this writing, with no signs of pulling out of its nosedive. Ruh roh.
Now Facebook’s IPO is filed, soon anybody will be able to buy a piece of a Facebook. But going public won’t stop Zuckerberg having control — especially given that he buys out the voting rights of current shareholders, $US100 at a time.