A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
I have only made this letter longer because I have not had the time to make it shorter.
There is a wonderful anecdote in this where Eddy had to fly to Finland to perform a song in Finnish on live TV. Oh, and the “proper” musician died the afternoon of the performance. Eddy learnt the phonetics of the song and performed. Absolutely love this attitude. Legend. #theShowMustGoOn
Twitter itself obviously wanted a bit of price pop for PR and employee morale purposes, but here’s something else employees could be thinking about today: Had Twitter priced at $45.10 per share and used the extra proceeds to give out holiday bonuses, it would have worked out to more than $580,000 per employee. How’s your morale feel now?
It is interesting that Facebook maximized the amount of money it made by going public, and it was viewed as a “failure”. While Twitter clearly left a ton of money on the table, and that’s viewed as a “success”.
This is a case where perception is reality. But let’s be clear, the real winners today are the same ones who were the real losers of the Facebook IPO: the bankers.
I think parislemon has this pretty much nailed. It does seem that we’re all brainwashed to believe that this massive “pop” is good news by people (bankers) who have a significant incentive to keep initial prices as low as possible.
It does seem a shame that the people who actually created the company have undervalued their sale price and thus not had an extra $1Bn or so in the bank.
OK kids time to flex those grey cells and get your head round quantum computing…or maybe not.
Something tells me our grandchildren are going to find this video hilarious.
We are all travelling through time together, every day of our lives. All we can do is do our best to relish this remarkable ride.