Don’t Let a Botched Facebook IPO Fool You
Story CEO and Chief Editorial Officer Kirk Cheyfitz isn't ashamed to disclose that he not only bought 200 shares of the Facebook IPO at the opening price of $38, but also bought 100 more after it dipped below $30. He's sticking by the social media behemoth, not because he has faith in it as advertising platform, but because he understands why Facebook is not friends with the Madison Avenue establishment.