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Facebook closes below its pre-IPO price range (Down nearly 40% from IPO high of $45...)
NY Post ^ | 6/1/12 | MARKETWATCH / NEWSCORE

Posted on 06/01/2012 4:44:37 PM PDT by jimbo123

Facebook Inc.'s shares slumped to a record closing price on Friday, this time falling below the initial price range that was set when it began the quest for its stock market debut.

Facebook shed 6.4 percent to close at $27.72, a new low, as the stock was swept down in a broad market retreat.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events
KEYWORDS: facebook; fail; nasdaq
Obama and his FB lackeys have been de-panted.
1 posted on 06/01/2012 4:44:42 PM PDT by jimbo123
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Comment #2 Removed by Moderator

To: jimbo123
Down goes Frazier Facebook.

Will it be known as Facebuck in the near future?

3 posted on 06/01/2012 4:59:20 PM PDT by I Drive Too Fast
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To: jimbo123

Deserves to die IMHO.


4 posted on 06/01/2012 5:02:22 PM PDT by upchuck (Need is not an acceptable lifestyle choice; dependent is not a career. ~ Dr. Tim Nerenz)
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To: jimbo123

Once this is all sorted out, I predict FB in the US$9-12 range.


5 posted on 06/01/2012 5:03:56 PM PDT by Tainan (Cogito, ergo conservatus sum)
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To: I Drive Too Fast

Faceplant or Facepalm.


6 posted on 06/01/2012 5:25:11 PM PDT by BipolarBob (Taglines for sale or rent.)
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To: F15Eagle

the little folks were supposed to jump in after the ipo went public so all the elite could pull out making a million or so in just a couple of hours.
hello? a. we know the game now... fool me once....
b. nobody has any MONEY!!!!!
the greedy got what they deserved.

i hope pelosi aand reid lost their @ss


7 posted on 06/01/2012 5:43:56 PM PDT by Donnafrflorida (Thru HIM all things are possible.)
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Comment #8 Removed by Moderator

To: I Drive Too Fast

Very witty.


9 posted on 06/01/2012 5:57:08 PM PDT by windcliff
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To: I Drive Too Fast

Facerook. Rooking rubes. Ripping off retail.


10 posted on 06/01/2012 6:41:51 PM PDT by Milhous
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To: Milhous

I hear they are forwarding all complaints to their law team of Dewey, Cheatum & Howe.


11 posted on 06/01/2012 6:44:39 PM PDT by I Drive Too Fast
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To: F15Eagle
This sounds like something the SEC and/or Congress should look into.

Interesting comparing the media treatment of Enron vs. MFGlobal. FB is apparently infested with Democrats so I'd expect them to get pretty much a free pass.

12 posted on 06/01/2012 6:53:50 PM PDT by nascarnation
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To: jimbo123

13 posted on 06/01/2012 6:57:55 PM PDT by SamAdams76
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To: jimbo123

Facebook? More like Fæcesbook.


14 posted on 06/01/2012 7:19:18 PM PDT by sadponies
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To: jimbo123

Someone remind me when it’s at a foreward P/E of 8 ...


15 posted on 06/02/2012 3:48:03 AM PDT by Neidermeyer
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To: F15Eagle
This sounds like something the SEC and/or Congress should look into.

Congress? That's where Fleecebook got its inspiration!

Zuckerpunch and his new bride are big Obama supporters. How much of the cashout overflowed to the campaign?

16 posted on 06/02/2012 4:00:56 AM PDT by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
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