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[BBC] Facebook shares close 11% below flotation price

post #1 of 52
5/21/12 at 11:09am
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Quote:
Originally Posted by BBC .co .uk 
Shares in Facebook have fallen in early trading on Wall Street to below the price at which they were floated.

On Friday, Facebook debuted on the Nasdaq stock exchange at $38 a share.

Despite the wider market in a buoyant mood, Facebook slid 12% immediately at the opening bell. They are currently around the $33-34 range.

Analysts suggested the shares would have fallen on Friday, had it not been for underwriters stepping in to buy up stock.

The offer price valued the site at $104bn (£66bn)

To read the whole article, click here.
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post #2 of 52
5/21/12 at 11:19am
The value of FB was overestimated in their IPO, this is not surprising.
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post #3 of 52
5/21/12 at 11:31am
Quote:
Originally Posted by strap624 View Post

The value of FB was overestimated in their IPO, this is not surprising.
FTFY.
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post #4 of 52
5/21/12 at 12:03pm
Quote:
Originally Posted by mott555 View Post

FTFY.
This
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post #5 of 52
5/21/12 at 1:09pm
Zuckerberg just lost $2B in personal stock. lol.

I doubt their price will ever go back up to $38 / share. That's about 100 times their annual profit...I think Google's current valuation is only about 18 times their profit.
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post #6 of 52
5/21/12 at 1:22pm
Quote:
Originally Posted by mott555 View Post

FTFY.

Definitely this.
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post #7 of 52
5/21/12 at 2:53pm
predictable. There is no profitability here. The fundamentals aren't there and it was priced based on hype. FB itself got a nice cut from the IPO though and that was their goal.
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post #8 of 52
5/21/12 at 3:32pm
Quote:
Originally Posted by xlink View Post

predictable. There is no profitability here. The fundamentals aren't there and it was priced based on hype. FB itself got a nice cut from the IPO though and that was their goal.

Yep, even GM back off from the news I read on Saturday.

I hope ppl were able to get some of the shares this morning to SHORT. thumb.gif
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post #9 of 52
5/21/12 at 3:52pm
10% loss in 2 days; that's an impressive ROI for such a great company! Buy buy buy! lachen.gif

Facebook IPO will go down as one of the biggest shams in history. Facebook generated $18 billion for their company, and now the stock could drop to $1, the company itself won't be hurt one bit. Employees, who are shareholders; perhaps. But it's a complete mess when you have 80% of the company owned by employees, when most aren't even middle-management material. Oh well, take out the popcorn guys.
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post #10 of 52
5/21/12 at 4:56pm
Quote:
Originally Posted by jrbroad77 View Post

10% loss in 2 days; that's an impressive ROI for such a great company! Buy buy buy! lachen.gif
Facebook IPO will go down as one of the biggest shams in history. Facebook generated $18 billion for their company, and now the stock could drop to $1, the company itself won't be hurt one bit. Employees, who are shareholders; perhaps. But it's a complete mess when you have 80% of the company owned by employees, when most aren't even middle-management material. Oh well, take out the popcorn guys.

Do you even check your facts before commenting?

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