GO
Loading...

Facebook IPO? Robin Hood’s Wall Streeters Just Don’t Care

Tuesday, 15 May 2012 | 4:03 PM ET
Photo by Kerima Greene for CNBC.com

Perhaps the biggest story to come out of the Robin Hood Foundation charity gala in New York Monday night concerns what everyone wasn’t buzzing about.

Wall Street's top bankers and biggest hedge-fund managers talked about the trading losses at JPMorgan Chase. They chatted about the ongoing debacle in Greece. They reacted to the jibes of comedian Seth Myers.

But they weren’t talking about Facebook.

Even when prompted by a reporter about the social network's much-heralded initial public offering, the Wall Street power elite couldn’t muster much interest.

Which raises a question: why isn’t the Robin Hood Foundation crowd excited about Facebook?

Part it may be personal. Few of those seated in the center of the 4,000-person crowd—meaning, the big names writing the biggest checks to the charity—spent any time on their BlackBerries or iPhones during the event. They weren’t Tweeting or updating their Facebook statuses.

They just do not seem to be that into social media.

In contrast, those on the periphery were using their phones. The daughters of the power elite, teenagers decked out in short dresses and towering heels, who had come to see Rhianna perform, used their phones throughout the event.

The message was clear: Big-Money Wall Street just isn’t in love with the social mobile network revolution that has enthralled Silicon Valley.

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.

  Price   Change %Change
JPM MLP ETN
---