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via Bloomberg:
Facebook Inc. (FB)’s initial public offering, plagued by trading errors and a 16 percent drop in the share price, will push more individual investors out of a stock market they already distrust after the financial crisis. “This is clearly the latest in a long string of events that is eviscerating the confidence investors have in the market,” said Andrew Stoltmann, a Chicago attorney who represents retail investors. “The perception is Wall Street jiggered [...] By John Shinal SAN FRANCISCO (MarketWatch) — Are you sorry you missed out on the Yelp Inc. IPO last week? Don’t be. While headlines touting the stock’s first-day rise of more than 60% might have prompted some profit envy, a look behind that number shows Yelp’s YELP +0.26% offering was little more than a sucker’s bet for retail investors. In other words, it was about the same as every other recent tech IPO.
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