On his program Mad Money, CNBC's Jim Cramer couldn't exhort his viewers enough about Facebook. Here are some of his pre-IPO quotes on why you should have bought into the Facebook IPO:
"If you can get in on the actual IPO, then I think Facebook is a no brainer," Cramer said confidently.
"We all know this one's going to pop like crazy on its first day of trading, so if you can get in on the deal, I think you should try to get your hands on as many shares as possible."
"Facebook will almost certainly come public to a huge spike when it starts trading on Friday," he added.
"When you look at the facts, the bubble talk seems foolish. Facebook isn't the epitome of a dot-com era mindset that lost people fortunes....You could analyze the stock by the numbers. You don't have to be an ophthalmologist to count how real the eyeballs are."
Oh, really? After Facebook had its epic meltdown in the market (started at $45.00, currently down to $25.75!), now listen to f*cktard Cramer:
"Suddenly, you go back and realize, wait a second, maybe this was like all the other social media companies that became public. Which were, by the way, disastrous...All of the deals that have come have lost a lot of money for people. And this now seems like still one more of them."
But didn't you adamantly tell EVERYONE that Facebook wasn't like those other failed social media companies? These comments are in direct contrast to his comments prior to the IPO that "Facebook shares were something that everyone needed to have".
Moral: Don't listen to f*cktards like Jim Cramer.
