Bill Gurley defends Facebook's (FB -9.3%) weak post-IPO showing by pointing out Amazon (AMZN)...

|About: Facebook (FB)|By:, SA News Editor

Bill Gurley defends Facebook's (FB -9.3%) weak post-IPO showing by pointing out Amazon (AMZN) fell below its IPO price shortly after its 5/17/97 offering, and didn't move above until 7/6. Of course, Amazon was worth less than $1B at the time, whereas Facebook is worth $95B today. TechCrunch founder-turned-VC Mike Arrington says he just bought some Facebook shares. (earlier)