Facebook is now down to $27..
 

https://www.google.com/finance?client=ob&q=NASDAQ:FB

Wall Street shouldn't allow first place an IPO with such ridiculous evaluation.

Facebook continues its freefall
 

27.17 now

http://www.nasdaq.com/symbol/fb


Cry baby cry.

Is anyone actually surprised about that?

this merge function is cool!

omg fb stocks deep in the shit!

And it's still overpriced..

Anybody think it could hit $10 or less by the end of the year?

I think it will go down to $17-19 within the next month or two.

$10 or less by the end of the year? I hope not, a lot of folks will be losing their life savings...

Did people stop looking at baby pictures?

If it does the real investors will be happy and will start buying, this is all a ploy

I am the only one that's catching hisself to have a big smile on his face while reading/knowing the current facebook fiasco ? :)

Yeah I'd name myself relative anti fb:1orglaugh

I agree, the market is in the early stage of taking a dump and FaceBook is not where money is going to go for safety! :2 cents:

I've read that Facebook is one of the worst IPO's ever. You could argue that it's actually one of the most successful. The ENTIRE purpose of an IPO is to raise as much money as possible and Facebook got the TOP of their range.

Why shouldn't they allow it?

Easy solution, charge low monthly membership .... muahahahahaha :upsidedow

FINALLY...someone who actually is paying attention!

http://www.threadbombing.com/data/media/2/applause.gif

Zuckerberg made $16 BILLION from this IPO. Real investors who got in early are not worried as this stock inevitably will go way past its original price.

It is projected that it should bottom out around 20 (or thereabouts), level out and then climb rapidly after Zuckerberg releases his partnership plans for the new FB phone that will have NFC and FB Payments built in. (Not to mention that as an ad-supplemented device it will be given away practically for free)

The FB app also is being redeveloped and will include FB Payments for NFC capable devices such as the Samsung Galaxy III (Android) and the iPhone 5 (coming around Oct).

And that's just the tip of the iceberg...

:cool-as-a

can you merge all the bs topics into one big bs topic as well then? Saves me a lot of time :thumbsup

Zuck is only worth $13.73B now! So poor!

http://ZuckerbergNetWorth.com/

sure is :thumbsup

those fuckers at FB should fix their search function. its really unuseful, if you need to find one someone who you dont know much....i could easily find that person just by age and city, but such search isnt allowed.

Bummer.

And by bummer I mean "ha ha".

That and usually bankers make a lot of money on IPOs. Facebook made sure the investment banks only got their fees for putting the deal together. Facebook raised maximum cash while leaving the least on the table.

Agreed.

an why should Amazon have a P/E over 100?

the market seems to accept all kinds of valuations.

caveat emptor

Free falling.

facepal!

If this draconian system you envision actually materializes I will personally roam the streets murdering the users.

Right now, I would hate to be the person who bought in at their $45 high. :Oh crap

:1orglaugh I still remember bebo, black planet, migente, asianave, myspace, etc :1orglaugh

Worst plan ever.

They know nothing about hardware
They know nothing about phones
They cant support it.

Shares will find 9.50 10.00 dollar region soon.

I agree on the phone thing but close to $10? I doubt it

why would they need to know about phone hardware???

wouldnt they just license the latest Windows 8 Mobile phones?

like any other phone carrier- Sprint, Telefonica, etc

i wouldnt def be a buyer at $10- plenty they can launch off that platform

The biggest losers are those who gambled on an already retarded valuation increasing to even more retarded leveks in the short term.

I have no sympathy for gamblers who lose a bet

I think their best bet to monetize is to become a payment gateway and compete with paypal.

They seem to not be doing so well as an ad platform. All they need to drive their stock price up is some solid revenue, but their users are not geared to paying for anything.

went back up

They have billions in cash and more than 3,000 employees. They can figure anything they want out. At one point Google knew nothing about ads, email, mapping, phones or anything but search. At one point Apple knew nothing but computers.

People focus on Zuck but he doesn't give himself too much credit. He gives a lot of credit to Sheryl Sandberg, who is largely responsible for what Facebook is today. Keep in mind this is the same Sheryl Sandberg that was Vice President of Global Online Sales and Operations at Google prior to her arrival at Facebook in 2008.

She was a driving force behind making Google what it is today and now she will be the driving force behind where Facebook goes in the future.

Facebook has some amazing talent on board.