I think that's exactly why Facebook announced the Karma acquisition after markets closed Today. Since there won't be any underwriter protection to keep the price at above $38 on Monday, I believe Facebook timely released the acquisition news to open Monday in favorable terms.
Given the skepticism about the Instagram acquisition, the Karma acquisition could be interpreted either positively or negatively by different investors, couldn't it?
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I think that's exactly why Facebook announced the Karma acquisition after markets closed Today. Since there won't be any underwriter protection to keep the price at above $38 on Monday, I believe Facebook timely released the acquisition news to open Monday in favorable terms.
Given the skepticism about the Instagram acquisition, the Karma acquisition could be interpreted either positively or negatively by different investors, couldn't it?