'Facebook Is Officially the Worst-Performing IPO of the Decade'

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So says Bloomberg, after matching the biggest tech IPO of all time against its rivals from the last ten years. Here's the proof:

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This is an interesting and superlative fact about Facebook, which is an interesting and superlative company with an interesting and superlative IPO. That makes it news. But it doesn't make it indicative of anything about Facebook except that the IPO price turned out to be high.

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Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

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