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Facebook Shares Retreat Below IPO Price
First time accepted submitter gtirloni writes "Just days after wrapping up the biggest initial public offering in Silicon Valley history, shares of Facebook slumped 6% and tumbled below their issue price on Monday, a troubling signal for the newly-public social network. Facebook broke below its $38-a-share issue IPO price in the wake of a highly-anticipated offering that raised more than $16 billion, the second-largest domestic IPO after Visa's 2008 debut. Shares of Facebook were recently off 6.44% to $35.72."
Maybe someone should poke it.
Absolutely - as far as I can tell, Facebook has now achieved everything it set out to do:
1. Make Mark Zuckerberg extremely rich.
2. Help Mark Zuckerberg find a smart and hot woman to get it on with.
I found it HILARIOUS that his wedding was the day after the IPO. I wonder if his (then) fiancee was like "sure you are a billionaire, on PRIVATE PAPER... sweetie get me a billion in public shares and we can finally seal this deal"...
Tell me again why I should join a game that is inextricably rigged against me, the small-money investor looking for long-term growth?
So we can have all your money, instead of just having most of it. Duh.
Sincerely Yours,
Goldman Sachs, et. al.
16 billion is about $18 per user. that's ridiculous.
So would that make it $54 for me, given that I have (at least, there might be a few that I've forgotten) three different accounts?
No wonder the price is sliding. I wouldn't pay $54 for me.
me, the small-money investor
As an FYI, I don't invest at all.
Wait, what?
For large sets, this will be our guide even unto death, for the LORD will work for each type of data it is applied to...
Zero IS, by definition, the smallest money you could invest.
I'm betting he got married on the day of his highest net worth.
Don't we all...
Right- all of them.
In the USSR, the banks pay you!