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Why Facebook IPO Roadshow Won’t Matter

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By Douglas A. McIntyre Published
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There are rumors that the Facebook “roadshow” to present the company’s prospects to investors will begin this week and that the IPO of the social network will come before month’s end. None of the potential investors may care about what is said in these presentations.

Facebook’s financial data was filed with the SEC months ago. Facebook may be as closely watched by investors and the public as Apple (NASDAQ: AAPL) is. The fact that the founder Mark Zuckerberg, who is only 28, will become one of the world’s richest people adds more fascination as does the idea that someone so young could build something so colossal.

The estimates for what Facebook will be worth after the process still hovers around $100 billion which is where it has been for over a year. That means none of the information which has been released by the company or the press has mattered much.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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