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Submission + - The Big Lie of the Facebook IPO (thestreet.com) 1

McGruber writes: American financial news and services website thestreet has posted a piece titled The Big Lie of the Facebook IPO (http://www.thestreet.com/story/11543996/1/the-big-lie-of-the-facebook-ipo-opinion.html) by business journalist and futurist Dana Blankenhorn (http://www.thestreet.com/author/1258529/DanaBlankenhorn/all.html).

In the piece, Dana Blankehorn argues that that the only gains to be made on the Facebook stock offering were made by insiders and that the mainstream media helped pump up the insiders' gains.

A few of Mr. Blanenhorn's past articles have been featured on slashdot, including "Open Source Complaint Against IBM Gets Support" (http://yro.slashdot.org/story/10/06/25/149228/open-source-complaint-against-ibm-gets-support) in June 2010; The War Is Over, and Linux Has Won (http://slashdot.org/story/06/11/10/2336218/the-war-is-over-and-linux-has-won) in November 2006; and "Does It Matter Where Open Source is Based?" (http://slashdot.org/story/06/07/07/2112250/does-it-matter-where-open-source-is-based) in July 2006.

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The Big Lie of the Facebook IPO

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