Mary Meeker: Facebook IPO A 'Financial Tsunami'
Kleiner Perkins Caufield & Byers Partner Mary Meeker pinned most of the blame for the poor performance of Facebook’s initial public offering on the technical issues experienced by Nasdaq, calling the IPO a “financial tsunami” while speaking at AllThingsD’s D10 Conference Wednesday.
Kleiner Perkins Caufield & Byers Partner Mary Meeker pinned most of the blame for the poor performance of Facebook’s initial public offering on the technical issues experienced by Nasdaq, calling the IPO a “financial tsunami” while speaking at AllThingsD’s D10 Conference Wednesday.
The New York Times’ DealBook reported that Meeker doesn’t expect a short-term rebound, but she called Facebook a “great” company that “will do very well,” and said of the IPO fiasco:
We’ve never seen anything like it before.
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