- - Social Media
- -- Facebook Marketing
- ---- Facebook Announces Pricing of Initial Public Offering
lexipixel - 2:41 am on May 19, 2012 (gmt 0)
Opening bell price of first day of IPO: $38.00
Closing bell price on first day of IPO: $38.23
I figured it would have gone lower.
Looks like "market forces" made sure it didn't.
|FB tumbled and hit its offering price of $38. The shares almost certainly would have gone lower, but the banks that put the deal together stepped in to prop up the share price. |
The answer to why anyone even bought Facebook (FB) stock is about the same reason Zuckerberg gave for why people would voluntarily add their personal information to the site --
Zuck: Yeah so if you ever need info about anyone at Harvard
Zuck: Just ask.
Zuck: I have over 4,000 emails, pictures, addresses, SNS
[Redacted Friend's Name]: What? How'd you manage that one?
Zuck: People just submitted it.
Zuck: I don't know why.
Zuck: They "trust me"
Zuck: Dumb f**ks
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