After opening at a share price of $36.53, shares of Facebook stock dipped by more than 10 percent below the company’s initial public offering price of $38, trading as low as $33 at one point on Monday morning.
Zynga and LinkedIn were also down on the news, opening off around 2 percent and 5 percent, respectively.
I really don't get it. Investors still get whipped up into a frenzy. When we saw the $100B valuation all that time ago, most WebmasterWorld members agreed it seemed over valued.