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Comments for Facebook's $16 Billion IPO One of World's Largest
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The stock is dropping like a lead balloon. Drudge refers to it as "Fadebook."
Friday's drudgereport.com headline link was entitled "Fakebook" and today's (without the help of management bailout) says "Fadebook" as the stock is now well below the IPO value. People are realizing this is NOT a good investment.
actually the reality is that the NASDAQ computers glitched and i mean really glitched not the 30 minutes that is most widely reported, but ALL DAY no trade confirmations for anyone until several hours later(trade purchase made a 11:00am did not get confirmation until 4:30 pm after the market closed effectively taking the steam out the entire day of trading. It was a completely Botched opening and even the experts are not willing to make the declaration that Facebook TANKED. $104 billion dollars is a far cry from tanking by any measure. in any event the real test will be in the next few days. good luck to those who invested their hard earned cash!
It tanked. Not a good investment in a fad with no real product - only a way to track fools who subscribe and hit them with spam ads.