http://almanacnews.com/square/print/index.php?i=3&d=&t=7702


Town Square

Facebook stock slumps as new shares hit market

Original post made on Aug 16, 2012

Falling from a debut of $42.05 on NASDAQ, Facebook stock hit a new low of $19.76 per share as the first lockup period ended on Thursday (Aug. 16).

This story contains 264 words.

If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.

If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.

Comments

Like this comment
Posted by Michael G. Stogner
a resident of another community
on Aug 16, 2012 at 1:07 pm

I have a 3X5 card on my wall with my estimate of value for FB stock the day it went public.

It says $8-$12


Like this comment
Posted by Robert
a resident of Menlo Park: Park Forest
on Aug 16, 2012 at 1:07 pm

Stocks virtually enable a company to print money. It's all a confidence game; has this company proven that it can make money? On the other hand, if you do have confidence in Facebook's ability to do that, buy their stock now when it's low. Unfortunately, Facebook doesn't have Google's built-in ability to make money (by selling search placement in the search engine, etc.). On the downside another, more attractive "Facebook" may come along and displace it.


Like this comment
Posted by CHANGE
a resident of another community
on Aug 17, 2012 at 2:15 pm

I want to thank the person who had me short the stock and tell me to maintain my position.