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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).

Read the full story here Web Link posted Thursday, August 16, 2012, 9:09 AM

Comments

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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


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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.


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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.