Posted on 08/01/2012 3:43:55 PM PDT by dennisw
How the mighty have fallen....just saying
There seems to be no respite for the investors of Facebook Inc (NASDAQ:FB). The networking giant stock was down by more than 3% in early trading session to $21.01 today, continuing with a 6 percent fall to $21.71 yesterday. This all happened just in four trading sessions, following the announcement of the first earnings report by new public company.
Counting today’s fall, the social-networking giant, shares are now almost 45% below the $38 a share IPO price of May 18. However. we have noted previously, that most buy orders went in at $45 a share. Therefore the stock is down closer to 53%, in only 10 weeks of trading!
The shares are expected to fall further in coming days, to be precise on Aug. 16. On this date the IPO will complete 91 days allowing insiders, such as company officers, directors and employees, to sell 268 million shares of stock. Then again between 91 and 181 days, insiders will be able to sell an additional 137 million shares. Given its current performance, the coming days won’t be easy for the giant.
(Excerpt) Read more at google.com ...
” Bi-annual “ exit trip ? Wish I had the dough to swing that . I was hoping to meet you this year , but I just can’t get away due to various & sundry commitments . You’re always welcome here .
I said before the initial public offering that a Facebook IPO would bring the death of Facebook. Popcorn. I love Facebook for interacting with friends and fans, but they are running a terrible revenue generating business model. Facebook is no Google no matter what Zuckerberg imagines.
That short sale @ $30 is looking very good.
I’d love to see a dual graph of Facebook and Chick-Fil-A overlapping.
Didn’t Øbama praise FB? Picture with Zuck?
Enough reason for me to avoid it 100%.
Only way I’d know FB disappeared would be from the news headline here.
Who wears short shorts
We wear short shorts
They’re such short shorts
We like short shorts
Who wears short shorts
We wear short shorts
I'd be willing to bet that those skunks have a Mirror account for every client, that just keeps storing and logging and saving everything about you....all the deletes and bad photos and messages and posts and tags, ALL of it, saved on your ghost mirror. Ewwww!
I really hope the stock goes to ZERO (the number, not the A$$hole-in-Chief).
I agree. 500million users ignoring the ads and sharing their cat photos. Some business model.
Larry,
I saw on twitter that you were hoping for the same effort for Josh Mandel as we got for Cruz here in Tx. The Freedomworks crew that was here in DFW announced that Ohio was there next destination. They are young, energetic, and so competent at todays technology that I’d say they are Awesome.
Whoo hoo.
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