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View Full Version : Failbook, stock is in freefall

DAB
06-05-2012, 5:35pm
Facebook stock down for 3rd consecutive day, down 32 percent since highly anticipated IPO - The Washington Post (http://www.washingtonpost.com/business/technology/facebook-stock-down-slightly-tuesday-down-29-percent-since-highly-anticipated-ipo/2012/06/05/gJQAjg3zFV_story.html)


NEW YORK — Facebook’s stock has fallen for the third consecutive day.

The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It’s 32 percent below its initial public offering price of $38. It’s the stock’s lowest closing price to date. Earlier Tuesday, it went as low as $25.75.

Since Facebook Inc.’s stock began trading publicly on May 18, it has fallen on eight of the 12 trading days. There have been concerns about Facebook’s ability to keep increasing revenue and make money from its growing mobile audience, though many analysts hold upbeat long-term opinions.

The IPO was highly anticipated and was supposed to offer proof that social media is a viable business and more than a passing fad.

Facebook, based in Menlo Park., Calif., has nearly a billion users.


might be a buyer under 19......
Burnt C6
06-05-2012, 5:38pm
I might jump in around $15 if it goes that low.
G8rDMD
06-05-2012, 5:55pm
I'd buy that for a dollar :seasix:
Datawiz
06-05-2012, 6:04pm
Facebook stock down for 3rd consecutive day, down 32 percent since highly anticipated IPO - The Washington Post (http://www.washingtonpost.com/business/technology/facebook-stock-down-slightly-tuesday-down-29-percent-since-highly-anticipated-ipo/2012/06/05/gJQAjg3zFV_story.html)



might be a buyer under 19......

Don't waste your money.
burtonbl103
06-05-2012, 6:07pm
Don't waste your money.

:iagree:
99 pewtercoupe
06-05-2012, 6:36pm
Heard on the radio this AM that a recent poll showed 4 out of 5 people who use FB said ads on the site do not influence their buying decisions. Even if that number is somewhat inflated it cannot be good news. Add that to GM pulling their ads and it raises a lot of questions regarding their revenue model.
C5SilverBullet
06-05-2012, 6:56pm
Their ads are almost totally ineffective. I've used their services before, and it pretty much did absolutely nothing.
The_Dude
06-05-2012, 6:57pm
I wonder why linkedin did so much better.
yell01
06-05-2012, 7:35pm
I wonder why linkedin did so much better.

Adults with money, not unemployed kids living in their parents basement.
Datawiz
06-05-2012, 7:46pm
Adults with money, not unemployed kids living in their parents basement.

truth
lspencer534
06-05-2012, 7:53pm
Adults with money, not unemployed kids living in their parents basement.

Which makes one wonder which group is more stupid. There is no rational explanation -- beyond pure speculation -- why Linkedin stock is so expensive. And remember that it lost half it's IPO value in 6 month. LinkedIn trades at about 12 times its projected revenue this year, while Facebook is going for 20 times its projected 2012 revenue, based on its IPO price of $38/share.
Doug28450
06-05-2012, 7:53pm
FauxNews doesn't seem to like it.

Facebook to 'disappear' in under 10 years, according to analyst | Fox News (http://www.foxnews.com/scitech/2012/06/05/facebook-to-disappear-in-under-10-years-according-to-analyst/?intcmp=features)
yell01
06-05-2012, 7:54pm
truth

I told my buddy not to do it but he sold his Apple stock and bought a lot of FB.
Datawiz
06-05-2012, 7:58pm
I told my buddy not to do it but he sold his Apple stock and bought a lot of FB.

oops
boracayjohnny
06-05-2012, 8:38pm
I told my buddy not to do it but he sold his Apple stock and bought a lot of FB.

Ahhh, the ole reverse punk where one ends up kicking ones own ass.
yell01
06-05-2012, 9:34pm
oops

Ahhh, the ole reverse punk where one ends up kicking ones own ass.

:yesnod: Doesn't help when our other buddy laughs and says "Frank told you not to buy that crap". :leaving:
81.
06-05-2012, 10:42pm
I might jump in around $15 if it goes that low.

12.50 max
onedef92
06-07-2012, 9:14am
I'd buy that for a dollar :seasix:

http://i13.photobucket.com/albums/a259/thehod007/buyfordollar.jpg and shit...
jaxgator
06-07-2012, 9:26am
FauxNews doesn't seem to like it.

Facebook to 'disappear' in under 10 years, according to analyst | Fox News (http://www.foxnews.com/scitech/2012/06/05/facebook-to-disappear-in-under-10-years-according-to-analyst/?intcmp=features)

Adults with money, not unemployed kids living in their parents basement.

:yesnod: I see Facebook ending in the same fate as My Space.
boracayjohnny
06-07-2012, 7:52pm
:yesnod: Doesn't help when our other buddy laughs and says "Frank told you not to buy that crap". :leaving:

:lol:

Also, the current stats show some folks are buying/selling:

Day's Range: 26.15 - 27.35
52wk Range: 25.52 - 45.00
Volume: 26,167,757