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	<title>Betabeat &#187; Oh, Dear: Your Grandpa May Be Trying to Buy Facebook Stock</title>
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		<title>Betabeat &#187; Oh, Dear: Your Grandpa May Be Trying to Buy Facebook Stock</title>
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		<title>Oh, Dear: Your Grandpa May Be Trying to Buy Facebook Stock</title>

		<comments>http://betabeat.com/2012/05/oh-dear-your-grandpa-may-be-trying-to-buy-facebook-stock/#comments</comments>
		<pubDate>Tue, 15 May 2012 08:12:13 -0400</pubDate>
					<link>http://betabeat.com/2012/05/oh-dear-your-grandpa-may-be-trying-to-buy-facebook-stock/</link>
			<dc:creator>Kelly Faircloth</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=45558</guid>
		<description><![CDATA[<p><div id="attachment_37587" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/04/facebook_nasdaq_thumb-485x322.jpeg"><img class="size-medium wp-image-37587 " title="facebook_nasdaq_thumb-485x322" src="http://nyobetabeat.files.wordpress.com/2012/04/facebook_nasdaq_thumb-485x322.jpeg?w=300" alt="" width="300" height="199" /></a><p class="wp-caption-text">(elitedaily.com)</p></div></p>
<p>You might want to give your grandparents a call, because they may be badgering their brokers <em>right this very minute </em>for Facebook shares--at least if <a href="http://money.cnn.com//2012/05/14/markets/seniors-facebook-ipo/index.htm?section=money_topstories&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29" target="_blank">this CNN Money article</a> is to be believed.</p>
<p>The star of the piece is 79-year-old Alvan Sweet, described as "an experienced IPO investor," who now lives in a Florida retirement community. His friends never wanted his advice before, oh no, but now that big fancy Facebook is going public, that's all they can talk about:  <!--more--></p>
<blockquote><p>"When I was investing in other IPOs in the past, I mentioned them to my friends because I thought they were also good opportunities for them, but they never showed much interest," said Sweet, who's had a home in the Florida community for 16 years. "Now all of a sudden, they're very aggressively pushing me to do something to help them invest in the Facebook IPO."</p></blockquote>
<p>Mr. Sweet told CNN Money that he isn't entirely sure they "understand the risks of investing in IPOs." At least they do have Facebook accounts; Mr. Sweet, for his part, does not.</p>
<p>Nor did these unnamed friends want to talk to the media.</p>
<p>But there's a chance, however slightly, they'll get their chance at some shares. A<a href="http://betabeat.com/2012/05/04/facebook-apparently-wants-you-to-own-stock-because-theyre-the-peoples-company/" target="_blank">s we've mentioned before</a>, Facebook is looking to reserve more than usual for retail investors, out of a "people's company" idealism. And Facebook has also just <a href="http://thenextweb.com/facebook/2012/05/15/its-official-facebook-offers-50-6-million-extra-shares-price-range-34-38/" target="_blank">amended</a> its<a href="http://www.sec.gov/Archives/edgar/data/1326801/000119312512232582/d287954ds1a.htm" target="_blank"> S-1 filing</a> to reflect it'll be offering an additional 50.6 million shares. The expected price: $34 to $38 per share.</p>
<p>Still, it's worth remembering two words: "<a href="https://twitter.com/#!/hblodget/status/198395943509426177" target="_blank">Muppet bait</a>," from no less a<a href="http://betabeat.com/2012/05/07/henry-blodgets-profile-of-mark-zuckerberg-in-new-york-magazine/" target="_blank"> Zuck enthusiast</a> than Henry Blodget.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_37587" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/04/facebook_nasdaq_thumb-485x322.jpeg"><img class="size-medium wp-image-37587 " title="facebook_nasdaq_thumb-485x322" src="http://nyobetabeat.files.wordpress.com/2012/04/facebook_nasdaq_thumb-485x322.jpeg?w=300" alt="" width="300" height="199" /></a><p class="wp-caption-text">(elitedaily.com)</p></div></p>
<p>You might want to give your grandparents a call, because they may be badgering their brokers <em>right this very minute </em>for Facebook shares--at least if <a href="http://money.cnn.com//2012/05/14/markets/seniors-facebook-ipo/index.htm?section=money_topstories&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29" target="_blank">this CNN Money article</a> is to be believed.</p>
<p>The star of the piece is 79-year-old Alvan Sweet, described as "an experienced IPO investor," who now lives in a Florida retirement community. His friends never wanted his advice before, oh no, but now that big fancy Facebook is going public, that's all they can talk about:  <!--more--></p>
<blockquote><p>"When I was investing in other IPOs in the past, I mentioned them to my friends because I thought they were also good opportunities for them, but they never showed much interest," said Sweet, who's had a home in the Florida community for 16 years. "Now all of a sudden, they're very aggressively pushing me to do something to help them invest in the Facebook IPO."</p></blockquote>
<p>Mr. Sweet told CNN Money that he isn't entirely sure they "understand the risks of investing in IPOs." At least they do have Facebook accounts; Mr. Sweet, for his part, does not.</p>
<p>Nor did these unnamed friends want to talk to the media.</p>
<p>But there's a chance, however slightly, they'll get their chance at some shares. A<a href="http://betabeat.com/2012/05/04/facebook-apparently-wants-you-to-own-stock-because-theyre-the-peoples-company/" target="_blank">s we've mentioned before</a>, Facebook is looking to reserve more than usual for retail investors, out of a "people's company" idealism. And Facebook has also just <a href="http://thenextweb.com/facebook/2012/05/15/its-official-facebook-offers-50-6-million-extra-shares-price-range-34-38/" target="_blank">amended</a> its<a href="http://www.sec.gov/Archives/edgar/data/1326801/000119312512232582/d287954ds1a.htm" target="_blank"> S-1 filing</a> to reflect it'll be offering an additional 50.6 million shares. The expected price: $34 to $38 per share.</p>
<p>Still, it's worth remembering two words: "<a href="https://twitter.com/#!/hblodget/status/198395943509426177" target="_blank">Muppet bait</a>," from no less a<a href="http://betabeat.com/2012/05/07/henry-blodgets-profile-of-mark-zuckerberg-in-new-york-magazine/" target="_blank"> Zuck enthusiast</a> than Henry Blodget.</p>
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