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Facebook Shares Open at 10 pct Lower

     
4:46 pm on May 21, 2012 (gmt 0)

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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.
5:27 pm on May 21, 2012 (gmt 0)

Senior Member from US 

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joined:Sept 4, 2001
posts:2176
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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.

Greed. Plain and simple.

Marshall
 

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