On Twitter, Peanut Gallery Roasts Facebook IPO

Aaron Levie

Box’s CEO laments the end of affordable Silicon Valley real estate thanks to all those newly minted millionaires.

[More from Mashable: Alyssa Milano Takes Over NHL Twitter Account for Playoff Game]

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In case you’ve been living under that metaphorical rock these past several weeks, Facebook‘s much anticipated IPO happens on Friday. The Facebook IPO will mark the final step in the evolution of Mark Zuckerberg‘s social networking baby, all the way from Harvard dorm room to publicly traded company.

[More from Mashable: Facebook Co-Founder: No, I Didn’t Leave U.S. to Dodge Taxes]

Facebook’s (FB on the Nasdaq market) official IPO share price was officially set on Thursday. Hundreds of Facebookers will become millionaires once the stock becomes tradable, and many observers have ideas for how they can avoid common pitfalls of the newly rich.

Others have speculated that Facebook could — just possibly — become the world’s first trillion dollar company one day. Facebook co-founder Eduardo Saverin made news this week when it was revealed that he had renounced his U.S. citizenship, which helped him sidestep millions upon millions of dollars in capital gains taxes.

And then, of course, there are the folks who got out of Facebook at just the wrong time.

As IPO angst and anticipation crested Thursday techies, comedians, writers and everyday Americans took — ironically enough — to Twitter to weigh in and riff. Some jokingly lamented the effect a new crop of IPO millionaires would have on real estate prices.

Some poked fun at the company’s past foibles and potential for future failure. Others were just plain off the wall. Scroll through the gallery above for a few of Mashable‘s favorite tweets.

And if you’re still not clear just what exactly an IPO is or means, watch our video primer below to get up to speed for tomorrow’s action.


What Is an IPO?


What exactly is an IPO? What are the risks to a company in going public? What are the legal requirements?

If you find the business terms and market lingo confusing, check out our explainer video, which breaks down an IPO in plain language.

Thumbnail image modified, courtesy Robert Scoble, Flickr.

This story originally published on Mashable here.

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