Facebook Shares Retreat Below IPO Price

Posted by samzenpus on Monday May 21, 2012 @03:55AM from the back-to-reality dept.

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."

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Poke? by FlopEJoe · 2012-05-21 04:16 · Score: 5, Funny

Maybe someone should poke it.
Re:Troubling signal, why? by Anonymous Coward · 2012-05-21 04:24 · Score: 5, Funny

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.