Facebook Shares Fall Below IPO Offering Price

[Locutus]

Facebookshares fell more than 13 percent, falling below its $38 price of its initial public offering, in the social network's second day of trading as a public company.

Meanwhile, the NASDAQ exchange continued to defend itself regarding the IPO's delay on Friday.

The company's shares [FB 33.737 -4.4948 (-11.76%) ] last traded down more than 13 percent. The stock had previously closed 0.6 percent higher on Friday.


Investors and technology industry watchers are closely tracking the Menlo Park, Calif., company's shares. The world's largest social network was one of the most anticipated initial public stock offerings ever, and now serves as a bellwether for other social media companies.


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[55Mercury]

exxxxxcellent!

looks good on 'em

I use facebook, but I loathe it with a passion.

 

[petros]

That's funny.

 

[taxslave]

For a company with no tangible assets and totally dependent on a fickle market to flog useless advertising it seemed overpriced to me.

 

[B00Mer]

Facebook, the online social networking thingy, sucks because it gives immature people permission to inflict the world with their narcissistic and attention-seeking behavior.

• Facebook is like a bathroom wall that everyone writes on except real bathroom walls are more interesting.

• Facebook gives needy people a place to go (without actually getting off their presumably fat asses) where everyone knows their name. Like "Cheers" sans booze and good writing.

• Facebook is like masturbating: nobody's stimulated except you.

Top 10 reasons why Facebook Sucks

 

[Liberalman]

For a company with no tangible assets and totally dependent on a fickle market to flog useless advertising it seemed overpriced to me.

Mark Zuckerberg is laughing all the way to the bank because he got his $16 billion.

I would not be surprised if he sells his remaining shares.

 

[B00Mer]

Mark Zuckerberg is laughing all the way to the bank because he got his $16 billion.

I would not be surprised if he sells his remaining shares.

exactly

 

[Walter]

exxxxxcellent!

looks good on 'em

I use facebook, but I loathe it with a passion.

You realize how idiotic you sound.

 

[L Gilbert]

"Facebook Shares Fall Below IPO Offering Price"

Life's a bitch. Stocks go up, they go down. Nothing new there.

 

[Just the Facts]

I guess now that it's a wall st. corporation all the OWS types will have to stop using it.

 

[skookumchuck]

I guess now that it's a wall st. corporation all the OWS types will have to stop using it.

:lol::lol::lol: .....;-)

 

[MHz]

I believe they do allow for business to grow at a single digit percent, it is partly about the compound interest charged by the banks. Do you guys get paid for the disinfo you post or are you just clueless? Justice would be a stock selloff by those 'invester' that got suckered. Like in a bank run once it starts it doesn't stop till the whole ride hits bottom, this way it would just be earlier than planned.

(in part)
Using the branding power of Facebook, Wall Street has suckered the masses back into the stock market only to burn them for a 20% loss in two days of trading.

Friday, Facebook had launched its Initial Public Offering which allowed retail mom and pop investors their first chance to trade stock in the company amidst weeks of media hype in the biggest stock offering of its kind.
The 1%, known legally as the sophisticated investor, were able to get on the stock before it started trading public for the price of $38 per share but when the stock finally started trading on the market the first price was $42.05 per share.
That represented an immediate 10% profit for the sophisticated investor.
Meanwhile hundreds of millions orders from middle class mom and pop retail investors flooded the market buy up the shares for the $42.o5 opening prices.
As they did those sophisticated investors who bought their shares before trading opened to the public for $38 per share dumped their purchases and stock sent the stock price plummeting.
That forced the stock offering underwriter’s to step in and buy shares to keep the Facebook’s stock price artificially propped up at the initial $38 dollar offering price until trading closed on Friday.
http://blog.alexanderhiggins.com/20...red-facebook-ipo-burnt-20-loss-2-days-136281/
Fractional Reserve Banking Changes - Collapse Coming - YouTube

 

[TenPenny]

1. A 10% return isn't much for a 'sophisticated investor'.

2. Most of the 99% didn't bother jumping on this bandwagon, as they knew what happens. IPO, followed by immediate rise, followed by immediate drop.

 

[damngrumpy]

That is what happens when you take a social network site and go corporate
without regard for the people who signed on with you. Facebook is a giant
escape from reality. I use facebook to keep up with some members of the
family and things like that. I don't get involved with these bloody games and
crap though. All these other sites that want to be part of my world and I could
care less. I keep a real narrow use of the thing. Who cares what people are
having for dinner and stuff like that.

 

[55Mercury]

You realize how idiotic you sound.

meh, whatever

there's so much idiocy in this world, it's hard to keep up

I find facebook handy for some things. It's the general mindset that I find annoying. Then there's their endless ploys to hook you into switching to their goofy timeline format. no thanks. sorry for all you suckers that drank the kool-aid.

I agree with durngrowly^, they can shove their juvenile crap.

 

[haero]

When Google first IPO'd people were again talking tech bubble. People have become VERY rich off of this stock....Google is a search engine, there are many others who have came and tried but us humans are creatures of habit and don't like change...we keep using Google cause it works. Heck, the term "Google" is now in the dictionary.

Facebook is now an aspect of our social lives. Facebook has HUGE amounts of mone and will only expand. The masses don't become rich because they back up their comments with investments....it is the minority that actually invest that will become wealthy. Remember....the general population think one way. The few who don't believe arm chair experts and know the details will make lots of cash here

 

[B00Mer]