Eliot Spitzer

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  • Blame Facebook's Flop On Eliot Spitzer And The Politics Of Fairness

    forbes.com 5 days, 18 hours ago

    Facebook's limping IPO is the unintended but predictable consequence of past attempts by Eliot Spitzer and other purveyors of "fairness" to make stock markets more open and democratic. Whereas it used to be that only the very rich and very big could participate in IPOs (under very strict conditions), Facebook's "everyman" retail allocation was 25%. No surprise the IPO flopped.

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