General Discussion

MindMover

(5,016 posts) Wed May 30, 2012, 08:35 PM May 2012

Reaching for the cleanest jockeys in the dirty clothes pile....

The tech company’s stock closed at $28.19, a new post-IPO low. The stock is down nearly 12 percent in the two trading days this week. It’s down nearly 26 percent from the IPO price of $38.

Mark Zuckerberg is about $5 billion poorer than he was the day the stock went public.

All the other trouble in the markets today can be blamed on “global economic concerns.”

STOCKS DOWN
The Dow Jones Industrial Average closed down 160.83 points, or more than 1 percent, to 12,419.86. The S&P and Nasdaq were lower as well.

http://abcnews.go.com/blogs/business/2012/05/facebook-stock-markets-take-a-hit/

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Reaching for the cleanest jockeys in the dirty clothes pile.... (Original Post) MindMover May 2012 OP

Facebook facebroke? SoutherDem May 2012 #1

SoutherDem

(2,307 posts)

1. Facebook facebroke?

Reply to MindMover (Original post)

Wed May 30, 2012, 08:42 PM

May 2012

It may have been the hype leading up to the IPO, but I heard several people question the real value of Facebook before the IPO. The basic premiss was, what do they really do? Sell ads. Can a company which is loved and used by many really be worth millions or billions just for selling ads?

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