engine - 4:46 pm on May 21, 2012 (gmt 0)
I guess there's bound to be some settling on the Facebook shares.
Facebook Shares Open at 10 pct Lower [allthingsd.com]
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.