Linked by Howard Fosdick on Wed 5th Sep 2012 05:24 UTC
In the News Remember the dot com debacle of a decade ago? Well, it's back, this time in the form of Facebook. Since its high-profile public offering last May at over $38/share, FB is now down to about $18/share. Management is finding that running a public company is very different than one privately held, as people variously blame Mark Zuckerberg (or not), CFO David Ebersman, lead IPO underwriter Morgan Stanley, and even the NASDAQ stock exchange. The real problem, of course, is that Facebook went public even as its business model desperately searches for new revenues. Let's just hope they don't pull a Digg and fatally redesign the whole site in response.
Thread beginning with comment 533886
To read all comments associated with this story, please click here.
Only morons didn't see this coming
by Soulbender on Wed 5th Sep 2012 05:57 UTC
Soulbender
Member since:
2005-08-18
kwan_e Member since:
2007-02-18

But didn't you know?

Stock prices ALWAYS reflect the true worth of a company! ALWAYS!

* Shout out to galvanash.

Reply Parent Score: 3

Radio Member since:
2009-06-20

But didn't you know?

Stock prices ALWAYS reflect the true worth of a company! ALWAYS!

* Shout out to galvanash.
You are right to be sarcastic.

Even at 18$, Facebook stock price are still too high.

Reply Parent Score: 5