facebook IPO News
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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.
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Last May, a few weeks before Facebook went public with its IPO, Warren Buffett had said in not so many words, investing in Facebook is something he'd planned to steer clear of doing.
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Sydney -
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”.
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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.
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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).
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A botched debut and a week of dismal performance on the markets has compelled early investors in social networking site Facebook to brandish their knives.
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After Facebook's highly anticipated and heavily watched stock market debut this past Friday, the second day of trading isn't shaping up to be so hot in the early morning hours.
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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.
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A rumor hit this week that Facebook has added three banks to work on its upcoming initial public offering.
Additionally, a report surfaced that Facebook is seeking an extended line of credit.
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All last year the big question regarding Facebook was, will they or won't they go public? Then, the question morphed into, not if Facebook would enter the stock market, but when.
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