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