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Thread: Facebook stock continues to fall apart

  1. 07-06-12, 13:38 #1
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    Larry-G
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    Facebook stock continues to fall apart

    Once again, the Facebook stock continues to fall apart, leading to more and more investor losses.
    After opening on May 18th at $42 per share, Facebook has fallen to $26 today, a 38 percent drop since its IPO date.

    We reported last week that CEO Mark Zuckerberg was losing $16 million every hour, with his massive fortune falling from $19.7 billion on IPO day to just over $13 billion today.

    Facebook, as a company, started with a value of $104 billion but that has since been torpedoed to its current $56 billion valuation which many believe is a lot more reasonable for the social networking giant, which has yet to find a long-standing working revenue model.


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     http://www.afterdawn.com/news/article.cfm/2012/06/05/facebook_stock_continues_to_fall_apart
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