Risk Management

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Greg MacSweeney
Greg MacSweeney
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Facebook Slams IPO Door, Zombie Hedge Funds, Activist Investors Get Bold, Can't Lose Investments, and More

The destruction of the IPO market by Facebook's botched public offering, the haunting of zombie hedge funds and Wall Street's struggles to attract new IT talent are just a few of the topics people on the Street were discussing this week.
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2. Can't Lose Investment?

Ponzify, Inc., is offering 15,000,000 shares of its Class A stock. Several times, in fact. Ask enough questions, we'll let you in on the super secret Class B voting shares. Threaten to go to the SEC, and we'll meet you near the airport. Just to talk.

—John Flowers, in his mock S-1 Registration Statement for Ponzify, Inc.

Source: Prospectus for Silicon Valley's Next Hot Tech IPO, Where Nothing Could Possibly Go Wrong

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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