Facebook IPO Roadshow Disappoints Some Investors
By: Facebook disappointed some potential investors as it kicked off its IPO roadshow in New York on Monday.
Hundreds of investors had lined up around the block in front of the Sheraton Hotel in midtown Manhattan, where chief executive Mark Zuckerberg and Facebook's executive team had gathered to tout the company's initial public offering.
The meeting did not go as smoothly as hoped.
The meeting began nearly an hour late. Zuckerberg arrived late for the question and answer portion of the meeting.
Chief operating officer Sheryl Sandberg explained that he had been in the bathroom. The question and answer session was shorter than expected, leaving some of those in the audience with unasked and unanswered questions.
Attendees were shown a video about Facebook that many had already seen online, some at the meeting complained.
Many investors were annoyed and left feeling that they had learned nothing new about the company.
Follow John on Twitter. (Market and financial news, adventures in New York City, plus whatever is on his mind.) You can email him at john.carney@nbcuni.com.
We also have two NetNet Twitter feeds. Follow CNBCnetnet for the best of the days posts, including breaking news. Follow NetNetDigest for a feed of every single post each day.
You can also be our friend on Facebook. Or subscribe to John's Facebook page.
We're on Google Plus too! Click here and add NetNet to your circles. And here is John's Google+ page.
Questions? Comments? Tips? Email us atNetNet@cnbc.comor send a text message to: 9170740-8477.
Call us at 201-735-4638.
