Nightly News   |  May 23, 2012

‘The ultimate one percent vs. 99 percent’

CNBC’s Andrew Ross Sorkin offers analysis on the hype over the Facebook IPO.

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This content comes from Closed Captioning that was broadcast along with this program.

>> let's talk about this more with andrew ross sorkin. he's with us in the studio tonight. correct me if i'm wrong. is this a case of the rich get richer. another available to the 1%, mitigated by the stock it is down from where it came out?

>> it would feel this way. this is that and probably more. it couldn't come at a worse time given the enormous mistrust the public has of wall street . this is 1% versus 99% all over again. the idea that the playing field is not level, that certain people, certain investors are getting access to information and the other guys, mainstream, isn't getting the same information. and who is holding the bag? an ipo, somebody is buying and somebody is selling. in this case, the public is the buying. in that case, maybe they were the fool in this case.

>> in the meantime, the stock price is down.

>> that's the toughest part about it.

>> as always, thank you.