Facebook Stock Drops Below $20

[Guest]

Facebook's stock has hit a fresh new low as early investors apparently unloaded some of their shares.

Facebook Stock Drops Below $20 : Read more

 

[pacioli]

And soon it will drop below $10

 

[Bombkid]

Seen this coming before the IPO

 

[Chairman Ray]

lol

 

[dalethepcman]

color the entire IT world surprised.

Next year when you look up "Facebook IPO" on Wikipedia, it will say see "Ponzi Scheme"

 

[aoneone]

will they become the next Enron? ^_^

 

[Ragnar-Kon]

[citation][nom]dalethepcman[/nom]color the entire IT world surprised. Next year when you look up "Facebook IPO" on Wikipedia, it will say see "Ponzi Scheme"[/citation]

More like a "Yo' be stupid to buy at $38/share" scheme.

Seriously though, doesn't take a genius to realize the company is not worth $104 billion. Hopefully someone will be punished because of it too, because the drop in Facebook stock impacted other stocks as well. But, financial people seem to have a knack of getting outta tight legal situations.

 

[Pinhedd]

[citation][nom]aoneone[/nom]will they become the next Enron? ^_^[/citation]

In order for them to be the next Enron they'd have to get caught committing criminal accounting violations

 

[igot1forya]

For a company with a business model of selling out the people who voluntarily give them private information, its kind of sad that they still have nothing to show for it...

 

[malice81]

I honestly believe that despite these minor setbacks, facebook will wind up rising to be very profita... pffffffff, hahahahaha, couldn't even get through it :-D

 

[beayn]

So in "The Social Network 2" we should see details about how he didn't just screw his friend out of huge amounts of money, but also thousands of shareholders.

 

[Hellbound]

The IPO was to high to begin with..

 

[Kami3k]

[citation][nom]Ragnar-Kon[/nom]More like a "Yo' be stupid to buy at $38/share" scheme.Seriously though, doesn't take a genius to realize the company is not worth $104 billion. Hopefully someone will be punished because of it too, because the drop in Facebook stock impacted other stocks as well. But, financial people seem to have a knack of getting outta tight legal situations.[/citation]

Ha! No one will be punished for this, at least not the people responible for it. Some lower pawns will be the ones to take the fall.

The ones that made the 100s of millions to a billion plus will just laugh at the suckers who bought the stock.

The entire tech world knew this was going to happen.

 

[eddieroolz]

I'm really curious to see where those "analysts" predicting the stock doubling in a year is now.

 

[bluekoala]

[citation][nom]eddieroolz[/nom]I'm really curious to see where those "analysts" predicting the stock doubling in a year is now.[/citation]
Probably on an island they now own.

 

[chumly]

Facebook is already more established than the telephone was in its infancy. I don't think it's going anywhere.

 

[Kami3k]

[citation][nom]chumly[/nom]Facebook is already more established than the telephone was in its infancy. I don't think it's going anywhere.[/citation]

If you say so, you just can't handle you fell for the stock hype and it's crashing down on you.

 

[bllue]

Die facebook, die!

 

[bin1127]

Now its the time to buy! if you bought at $35, $20 is a steal.

 

[oj88]

If the unlocked 271 million shares can cut its IPO price in half, what will happen when 1200 million shares are set free on 12/13/2012, which could be the doomsday for Facebook's stock price. You just cannot trust Wall Street.

Date More Shares for Sale
05/17/12 421M, IPO
08/16/12 271M
11/15/12 137M
12/13/12 1200M
01/15/13 149M
06/18/13 47M

 

[kronos_cornelius]

Now I understand why there is an wealth disparity. The middle class is constantly fooled into funneling money into Wall Street. Anybody that put in $1000 into Facebook does not know where $500 of that money went. It is unlikely the dividends will make up for it, and the long term for Facebook is bleak.

I don't know there are only a couple of prestigious stock exchanges. It would be more fair to have more stock exchanges, and for people to invest on things they know. Playing the stock market like a lottery inevitably drives people to lose their money... like the lottery.

I knew the values of this company where dodgy since one of the co-founders renounce US citizenship to allegedly dodge taxes.

 

[house70]

Oh, cry me a river......

 

[Guest]

If I had shorted this sinking ship at $40 I would be cashing out and reloading for the next 50% drop to $10. I thought the big players would keep it pumped up for a while but not even they who control the market anyway want to mess with it.

 

[aftcomet]

Die Die DIE!

 

[matt_b]

I don't trust Facebook and what it does with my personal information - plain and simple. I don't have faith in their business model in terms of how they generate revenue and see it as a very unreliable/unstable system for them. I wouldn't be one bit surprised if the stock value continues to spiral downwards. This whole IPO felt like a scam with all the dirty info and problems surrounding it. Rest assured though, there were plenty that made their hefty cut from this.