I'm pretty excited to be working in this area and with this team and investors. It has taken us a year of iterating with our early customers to get to this point and it's really just the start. There's so much to fix to make cross-platform app development simpler.
I grew up in Durham, NC so it's great to see startups like Adzerk doing well. It's clear that the startup scene in the Triangle (with all the tech talent, access to universities, etc.) is blowing up. Keep it up!
Yes, it will likely stabilize in the mid-eighties over the next few weeks. However Blodget's main argument here is that the underwriters left a lot of money on the table. Assuming a more proper price for the stock of around $60 (instead of the $45) means that LinkedIn left about $130 million on the table.
Or from a slightly different perspective, "strongly encouraging the developers at Dropbox to focus _now_ on security/privacy issues that ought to have been dealt with before pushing their existing code live". Doesn't seem to deserve the label "worst crime" when described like that.