I said directly "Don't do it!" on Twitter on 5/17; and answered a question on my FB page saying "Don't buy" just minutes before the IPO on 5/18. Check both if you'd like.
Sam Geppi, an excellent Vedic astrologer here in San Francisco, came to the same conclusion using an entirely different system. He was also very public about this on his FB page as well.
While other market analysts may have been weighing earnings per share vs demand, all we had to do was check the IPO chart. If you are interested in the Vedic view please check Sam's article here:
Here is my take on it.
With Leo rising the chart ruler is the Sun. The Sun is not bad in Taurus but the problem is the ruler and motion. Venus is Retrograde in Gemini and still very close to an aspect with Saturn. Sure that's a trine but a retrograde aspect to a malefic is just not a good thing. Also, a company like Facebook has a lot of natural Venus/Gemini qualities (like, friends, etc), so an IPO with Venus retrograde is asking for trouble.
Then when we consider the motion of the Sun, in 2 days time it enters Gemini where it will encounter the South node and be eclipsed. This is the worst of all conditions for the Sun. There is only two things that can take the Sun's light out of the sky (besides clouds, but we know the light is there) and these are the nodes. In particular the South node is more devastating than the North node.
For a public event I also looked at the MC ruler; here Venus so we have a similar conclusion to the ruler of the Sun - does not look good.
And most importantly, I considered the Moon. On the one hand Moon is highly exalted at its very exaltation degree in Taurus. I think this represents the people's love of facebook and FB's staggering number of users. And yet the first aspect this Moon makes is to a soon stationing Neptune which suggested a scam.
And so it proved. The entire episode was marred by delays and glitches; Sun's ruler Rx. The IPO has gone down as a total bust, even to the point of setting an unfortunate precedent for future IPOs; chart ruler heading into eclipse. And the primary buyers of FB stock - whether loyal fans who were out of their league, people who fell for the hype, or those hoping for a quick pop - were all basically taken for a ride by Mark Zuckerberg, Goldman Sachs, JPMorgan and the other insiders who sold off their shares to an unwitting public.
I think FB will continue to have problems until Moon passes that Neptune aspect by progression which means early June at best. And the next company seeking to have a successful IPO should hire an astrologer.