Remember how promising Facebook’s future seemed in May when it went public at $38 a share? Well, forget it if you can: The stock hit a new low today, falling 6.2% to $19.88. During the day it touched $19.69, a new intra-day low. Analysts anticipated a decline. Several venture capital firms that invested in the company before it went public couldn’t trade their shares until today, the end of what’s known as the lockup period. For example, CNBC reported that Accel Partners sold about 50M shares to its investors. In all, more than 156.6M shares changed hands, making this the third busiest day for Facebook trading. In October additional shares will hit the market when lockups expire for directors and employees not including CEO Mark Zuckerberg. Other groups can begin to trade in November and December.


Hahahahaah, the Zuckman zuckered you all in. The Zemperor has no clothes.
It’s still overpriced. Correct price is $13 maybe even $11. Sorry folks they told me to hype the IPO and that’s what I did. I’ve lost a lot more money than all of you have.
Time to buy!
And I made a post several weeks ago about this IPO tanking and worth about 18 bucks a share in about 4 weeks. Someone replyed they would buy 1000 shares if it actually hits 18. Good luck Zynga!
Yes. Time to buy, but not Facebook.
Rats, Titanic.
Anyone who uses facebook knew this was overpriced. The bottom line is that all those ads on the side banners do not generate any measurable ROI for the businesses buying them. Clicks sure…but actual sales? Unless you are business whose revenue is driven by your web traffic (i.e. a blog that sells ad space yourself) the ads are a waste of your ad budget. They don’t lead to sales. More and more businesses are discovering this and also realizing that more fb users are using it less and less.
Jumped the shark about when THE SOCIAL NETWORK was coming out. Give it another 16 months and we’ll be at $10-12 a share.