Facebook Shares Fall Below $38 IPO Price

[cbdo2007]

http://online.wsj.com/article/BT-CO-20120521-707496.html

This was the most brilliant IPO of the past decade. As the hype kept building, they kept raising their price to maximize the amount the company was getting vs the market manipulators. Well played Facebook!

[JHB]

1. Predictable as all hell.

[I owe a]

2. more for the real investers the users,

to sue for in the privacy lawsuits

[closeupready]

3. Experience some schadenfreude here.

So tired of these pump-and-dump IPO's. From the sound of it, I'm not the only one who has wised up.

[Kali]

4. *snicker*

[I owe a]

5. lol, watch google climb

http://www.google.com/finance?q=NASDAQ%3AFB

[Voice for Peace]

6. Nasdaq says *they* screwed it up

http://online.wsj.com/article/SB10001424052702303610504577416530447015656.html?mod=WSJ_hp_mostpop_read

[FarCenter]

7. Facebook IPO: Who Is Selling Stock?

http://abcnews.go.com/Technology/wireStory/facebook-ipo-selling-stock-16380405

e.g.

— Goldman Sachs and affiliates, investment bank and one of the IPO's underwriters

Year invested in Facebook: 2011

Number of shares sold: 28.7 million

Value: $1.09 billion

Number of shares still owned: 37.3 million

Goldman is probably in the black on its investment and anything they get for the other 37.3 million shares will be all profit.

Same for the othe big private equity investors.

[Baclava]

8. hype is for suckers

Facebook Shares Fall

Facebook shares plunged more than 13 percent on Monday, falling below the $38 price of the initial public offering, in the social network's second day of trading as a public company.

The stock sank without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday afternoon

The losses wiped some $19 billion off of the company's market capitalization—not far from what Chief Executive Mark Zuckerberg was worth personally when the stock debuted.

Collectively, Facebook's owners and investors have suffered more than $11 billion in paper losses, with Zuckerberg alone losing $2 billion

http://www.cnbc.com/id/47503280

[Comrade_McKenzie]

9. And now the site is down... nt

[muriel_volestrangler]

10. What site? Facebook?

Seems to work now.