Tag Archives: FacebookIPODayClosingPrice.com


Predicting the Facebook IPO: The crowd gets it wrong

Posted on by Ville Miettinen

… evaporated.

So how did it all go so wrong? One clue may lie in the crowdsourced prediction site FacebookIPODayClosingPrice.com. The site was created in response to a suggestion by venture capitalist Chris Sacca that someone should create a forum where pundits could register their predictions before the big day. Although share markets are notoriously irrational, in a way it makes a lot of sense. Who better to predict something based on the whims of a crowd than a crowd?

When voting …

Tags: Chris Sacca crowdsourcing Facebook Facebook IPO FacebookIPODayClosingPrice.com Initial public offering Mark Zuckerberg microtask microwork Prediction Twitter

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