Facebook prices IPO at $38 a share


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looklook   
Member since: Jan 10
Posts: 82
Location:

Post ID: #PID Posted on: 03-08-12 09:56:05

"Dal mein kuch Kaala hai .....ya poori dal hi kaali hai "


83 million Facebook accounts may be fakes ( fox news )

Facebook's share price has fallen below $20 for the first time, as it was revealed around 8 percent of its accounts could be sketchy.
The social-networking website is now worth almost half what it was when it floated on the Nasdaq in May.
It has lost nearly $50 billion in value -- more than the total valuation of Hewlett Packard or coffee company Starbucks. The stock debuted at $38 and since then has headed south, hit by increased doubts about its high valuation, growth prospects, and worries over its ability to make money from its growing mobile audience


Read more: http://www.foxnews.com/tech/2012/08/03/83-million-facebook-accounts-may-be-fakes/#ixzz22UW2zAMi



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 04-08-12 04:17:33

Best of luck to all the suckers who bought FB at $ 40 and are still holding on to it.
Peace


-----------------------------------------------------------------
I am a Gents and not a Ladies.


ashedfc   
Member since: Jun 10
Posts: 2153
Location: GTA

Post ID: #PID Posted on: 18-08-12 23:06:22


jigz787   
Member since: Aug 04
Posts: 773
Location: Toronto

Post ID: #PID Posted on: 19-08-12 23:32:38

$ 15 not too far now. I feel the next quarter facebook will really have to fudge their earnings numbers to impress the investors or to maintain their interest in the company. I feel they will come up with surprising quarterly profit so that the stock will gain little bit on upside (so that they can continue looting people's money) otherwise the stock will continue its downturn.



febpreet   
Member since: Jan 07
Posts: 3252
Location:

Post ID: #PID Posted on: 20-08-12 11:35:52

Not only Facebook, but other Social Media shares are plummetting like a heavy rock slides. Groupon down, Facebook down, Zynga down. Suckers are feeling the pinch.

Here's for your eyes:

http://online.wsj.com/article/SB10000872396390443989204577599273177326912.html

Who's next? Angry Birds?





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