Thread: Facebook IPO
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Old 05-10-2012, 12:29 PM   #17
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Join Date: Apr 2011
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Originally Posted by sladha View Post
What is E-Trade's minimum funds requirement to be considered "eligible" to partake in the IPO? Apparently TD Ameritrade requires minimum $250,000 capital in your account to be considered eligible, but it's still not guaranteed...
E-trade said 500k and at least 30 trades in past 90 days (afaik).

That said, here's the biggest issues with FB: The Zuck will still control 57+% of all voting shares even after the IPO, so you are not really investing in facebook. You are investing in Zuck and his decision making. He's judge, jury, and executioner.
Clarkson on the 1M: "There's a straight six engine at the front, a manual gearbox in the middle, and drive goes to the back. That's page 1, chapter 1 from the petrosexual handbook."
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