New York -
Facebook Inc. (FB) shares fell to their lowest level yet on the NASDAQ exchange. The stock was issued at $38 dollars a share but plunged today to $17.55 before a slight recovery, going even lower than its historic low last Friday.
Wall Street, responsible for the greatest depression in history and America’s general insanity, doesn’t like Mark Zuckerberg’s style. Despite the fact that Facebook revenue grew 32%, they’re talking about giving him “adult supervision”.
It looks like the excitement is officially over. After one of the biggest IPO hypes ever, Facebook's stock has plunged to a new low after its IPO lockup period began to expire and additional shares were eligible for trade.
This week Facebook admitted the network has tens of millions of 'fake' accounts as a part of its overall user database. The company shared this figure in a filing to the U.S. Securities and Exchange Commission (SEC).
The moment many investors and industry experts have been waiting for has finally arrived: Facebook Initial Public Offering week. There are those who favor, despise, or at times fear the largest social network because of its hiccups with privacy.
The public float of Facebook has been talked about for years. It’s now happening. The initial placement offering (IPO) will make Facebook one of the biggest companies in the world. How the market treats Facebook will be interesting to see.
Palo Alto -
Rumors over a Facebook initial public offering have been emerging across the Internet and in financial circles for some time now.
In recent months talk and speculation has been aimed towards Facebook's IPO coming sooner than later.