How Stupid is Snapchat to turn down billions?

Why Did Snapchat Turn Down $3 Billion? (via slashdot)

Would you turn down $3 billion? According to The Wall Street Journal, the founders of communications-startup Snapchat did just that, after Facebook approached them about a possible buyout. The newspaper quoted anonymous sources “briefed on the matter…

---

Is Dell Computer worth $24 per share?

Is billionaire computer geek, Michael Dell, acting like a greedy techie billionaire to impress his friends (or for other reasons)?

That's the way it is starting to look with the Dell board approved $13.65 per share buyout with major shareholders calling it greedy and way too little, among other polite words.

Here's a sample:

"This deal is so compellingly unfair to shareholder that I don't know where to begin" - Richard Pzena, CIO, Pzena Investment Management

"This is a hard deal to get done at this price. There will be resistance."  - Don Yacktman, Yacktman Funds

Zynga: Just another billion dollar 2011 IPO washout

The buzz on Wall Street last week was supposed to be the latest social gaming stock designed to put money in your pocket.

It didn't buzz.

Sorry gaming investors. Zynga (NASDAQ: ZNGA), the latest billion-dollar IPO launched at $10 and gradually just faded away. (It is beginning this week on the big fade as well). Happy holidays, gaming investors.

One site headlined: "Zynga Stock Falls 5% as Retail Investors Get Sandbagged." Yeah, sandbagged is the polite term.

Why is this happening to IPO's? It is simple, really. Companies such as Zynga (and Facebook) take advantage of “D round” financing. Their prices have already been bid up and maxed out by investors during this very late round of private equity financing. Sorry noobie gaming investors suckers.