This is, I think an amusing story on an attempt to purchase Facebook stock on the first day of issue and the corresponding stock certificate.
A couple of weeks ago, this person, (I’ll call him Ken so his identify remains unknown), called his broker and ask if he could buy a share of Facebook stock as a commemorative souvenir on the first day of issue.
He also asked if he can also get a stock certificate as part of the commemorative souvenir.
The response from the broker, and again I don’t want to be negative so I will just say that they do have a large bull as a mascot. The response was that brokers no longer issue stock certificates because as an industry it is too costly, but if I want a certificate for my one share of stock the cost is between $200 and $300 dollars.
The idea is to have proof of purchase on the first day of issue as a recognition of how social media has become so important in these changing times. It would also be a wonderful way to commemorate how times and use of technology has changed our world, thought Ken.
The whole issue, he thought and how the response was made, was silly and ridiculous. Apparently this person Ken has garnered a reputation to over react from time to time, and even “stew” over issues outside his control. What a silly person this Ken person was.
The issue may be a good definitive way to show that large companies enjoy flexing their muscles and make sure that only those with large sums of money can influence who can participate in investing.
All the information was very interesting thought Ken.
That will be $200 to read the blog please. Cash only, no debit cards.