Facebook Didn?t Show for Its Super Bowl

By David Benoit

As WSJ reported today, there?s been a bit of a drying up in internet firm valuations that?s hampering non-public companies and public companies alike.

And while ServiceNow is looking to breath a bit of fresh air into the market, the window could stay shut until the end of the summer.

At least that?s what Goldman Sachs? Anthony Noto, the co-head of global telecommunications, media and technology, said at the F.ounders conference, according to this story on The Verge.

Noto was among those at the conference who lamented the fallout from Facebook?s disastrous IPO, saying ??I?m going to talk about a pre-Facebook IPO and a post-Facebook IPO world, because the markets have changed substantially,? according to the Verge report.

And that wasn?t the harshest characterization of Facebook?s event. That belonged to Elevation Partners? Roger McNamee, who used language Deal Journal won?t print to describe the offering. Elevation is a big investor in Facebook, owners of some 2.4% of stock after selling about 4.6 million shares into the offering.

?It?s like you had a chance to win the Super Bowl and you didn?t show up for the game,? McNamee also said, according to the report.

Facebook shares, meanwhile, continue a recent rally. Shares were up 0.8% to $31.65 in recent trading, on pace for their fourth straight day which would be its longest winning streak ever.

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