CHICAGO (CBS) — Facebook announced Wednesday that it is going on the open market and will offer to sell stock publicly.
WBBM Newsradio’s Bernie Tafoya went to his own Facebook page, and asked his “friends” if they’re planning to buy or not.READ MORE: Chicago Bears Reportedly Expected To Sign Chiefs Exec Ryan Poles As New GM
LISTEN: WBBM Newsradio’s Bernie Tafoya reports
Marty Gerendasy says anyone who is on Facebook should be made a shareholder automatically, and free of charge. Such a move would affect 1 billion people in total.READ MORE: 'Same General Family': The New Omicron Sub-Variant Not Ringing Alarms In Chicago, Yet
Jim Orlando says the retail investor will not be able to get in on the initial public offering. He wants to see what the stock trades at on day one, and they decide.
Bill Kresse says he is not buying the stock, and thinks Facebook will eventually become uncool.
Jean Wright Medina points out that as the product on Facebook is really the users sold to the advertisers, we would all essentially be buying stock in ourselves.MORE NEWS: Metra Milwaukee District West Trains Halted Due To Switch Problem
And Pat McCann says that while he believes Facebook stock will be strong for quite a while, he won’t be jumping into the Facebook stock pool himself.