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[Tech Crunch] Facebook Stock Hits A New Low, Now Down More Than 50% Since IPO

post #1 of 14
Thread Starter 
Quote:
Originally Posted by Tech Crunch .com 
Facebook’s stock just hit a new low and has now lost more than 50% of its value since the social network’s IPO in May. This new record low comes after analyst firm BMO Capital Markets cut its price estimate on the company’s shares from $25 to $15 today. Research firm eMarketer also just announced that it expects Facebook’s revenue for this year will remain under the company’s previous estimates. eMarkteter now predicts that Facebook’s ad revenue will reach $4.23 billion for 2012. That’s up 34% from 2011, but eMarkter previously estimated that Facebook could reach ad revenues of up to $5 billion this year.

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post #2 of 14
This pleases me. LOWER!
 
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post #3 of 14
Thread Starter 
Quote:
Originally Posted by jrbroad77 View Post

This pleases me. LOWER!

This.
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post #4 of 14
Not low enough!
post #5 of 14
Quote:
Originally Posted by jrbroad77 View Post

This pleases me. LOWER!

wheee.gif
post #6 of 14
Isn't Facebook breaking records every single day for their lowest share price ever?
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post #7 of 14
it will be a new record every hour soon lol!
Quote:
Originally Posted by Snowmen View Post

Isn't Facebook breaking records every single day for their lowest share price ever?
 
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post #8 of 14
can't wait till it's 25 cents a piece
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post #9 of 14
Quote:
Originally Posted by jrbroad77 View Post

This pleases me. LOWER!

It annoys me when people say drivel like this.

If you don't like Facebook, don't use it. However since a lot of people do like it, let them be.

You gain nothing from Facebook going under.
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post #10 of 14
Quote:
Originally Posted by IcedEarth View Post

It annoys me when people say drivel like this.
If you don't like Facebook, don't use it. However since a lot of people do like it, let them be.
You gain nothing from Facebook going under.

Whine some more. Facebook's P/E on IPO day was about 100, that's completely insane. It's still in the 40 range. *I* believe all stocks should find equilibrium in pricing.. FB is still unbalanced. Nothing to do with whether I like Facebook or not.

Oh, and trust me, lot's of people are raking in the pesos on FB's demise, but yes, I'm not one of them. Oh, and I have no sympathy for idiots who partake in malinvestment, nor should I. Regards from one of those greedy capitalist Americans who thinks success should determine value.
 
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