How to Be a Successful IPO Investor

The Fed turned the market into a casino in Wall Street happily playing along. By the time a company goes IPO, the original investors are cashing out. You have the public being conned into buying into a pig in a poke. And here we are two years later and every penny that the investors put into BuzzFeed has been lost. The company is at zero. It's laying off its workforce. I think some of the people are going to get reassigned to Huffington Post or they won't all be out of a job. But a lot of people will be out of work. This is just one domino. There's a bunch more that are going to fall.