Monday, May 21, 2012

Facebook stock

  • Wall Street is playing the Facebook blame game.
  • (New York Times)
  • SAN FRANCISCO (Reuters) - Facebook Incs (FB.
  • (Reuters India)
  • NEW YORK -- Facebooks stock slid below its offering price in morning trading on Monday, following a lackluster debut day. Facebook (FB) fell as low as $33 in the first half-hour of trade, but it was holding around $33.90 at 11:15 a.m. ET.
  • (Orlando Sentinel)
  • To much fanfare, Facebook began selling shares on the Nasdaq stock exchange last week, capping an improbable journey from Mark Zuckerbergs Harvard dorm room to global tech supremacy.
  • (The Week Magazine)
  • May 21 (Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social networks troubled stock market debut.
  • (Reuters)
  • Facebooks stock is tumbling well below its $38 IPO price in the social networks second day of trading as a public company on Monday. Shares are down 11 percent in late morning trading.
  • (New York Daily News)
  • So, it looks like investors are not too happy with Facebook this morning. The companys shares have plummeted in early trading, hitting a low of $33. As of this writing, the companys shares have climbed to $33.
  • (CNET News)
  • Investors appear to be "unliking" Facebook stock on the tech giant's second day of trading on the market. After closing 23 cents above its IPO price of $38 on Friday, the stock has dropped more than 11 percent to $33.87, as of 7:30 a.
  • (San Francisco Gate)
  • Your blogger, as previously noted in this space, will not be purchasing any Facebook stock, because of the lack of clarity about its value.
  • (Washington Post)

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