It is proving to be a huge disappointment . meanwhile Facebook share price today go down to $31.88
When Facebook started trading on Nasdaq this past Friday many people who fell for its shares thought that the share price will go up to as much as at least $50 and that they have already won a jackpot. But just three days from the famous or rather infamous IPO (depending on which side you are) and they are a frustrated lot.
Their jackpot has turned out to be a huge loss for them and within just three days’ trading they have seen the value of their shares go down as much as more than 20 percent. For such a ‘glamorous’ IPO, this is a huge let down.
With the value of Facebook shares depreciating very fast, even the very optimists are now turning to be pessimist and pessimism may become more pronounced if the slide doesn’t stop immediately. But to be true there are no chances of it right now.
Before the launch of Facebook on NASDAQ, there was a sort of anticipation that huge demand from both institutional investors and small investors would drive Facebook stock to a high within hours. But this hope crashed fully. On the next trading day, Monday, Facebooks stocks opened lower and closed even lower. Today, till the time of writing this report Facebook had lost around 6.64 percent of its value. It had gone down even $32.
A reader while talking about Facebook has this to say, “Never understood all the hype about Facebook. Their previous bad press about deceiving users with how their personal information is used; the opt-in/opt-out run around for users and most recently the news that big advertisers are pulling away. Even if I did have money to invest in FB I wouldn’t. It hasn’t proven to me to be a reliable company with sound ethics.”
Another reader has this to say, “I think one of the lessons to be learned here is that you should do what you do best, and let others experts do the rest. I have an MBA in accounting, and did well in my economics and finance classes, and I have come to realize that I don’t know a fraction of what I need to know to invest in individual stocks..I’d bet that 90% of the people that invested in FB know little or nothing about the markets. If you invested in FB for fun, and can afford the loss, okay, big deal. Anyone else thinking that they know more than the experts are probably pretty far afield/”