It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
NEW YORK (CNNMoney) -- Facebook's stock slid below its offering price in early trading Monday, following a lackluster debut day. Facebook (FB) fell as low as $33 in the first half-hour of trade, holding around $33.52 at 10 a.m. ET. That's a more than 13% drop from Friday's $38.23 closing price.
Facebook could have created using an array of innocent tactics a positive sentiment towards itself and influenced in such a way the market behavior in the IPO day. Instead, Zuckerberg was busy issuing pretty pictures of himself to the media.
Originally posted by faryjay
And from what I know, the stocks were only really offered to million/billionaires first!
So, all in all, a good result ...
Originally posted by DaTroof
I'm also not shocked to see the value sinking. What goods and/or services does Facebook provide? Only data, which can really only be applied by another company for marketing, not sales. Facebook will go the way of myspace soon. Lost and forgotten in the history of internet.
Originally posted by LightSpeedDriver
reply to post by Epirus
The revelation that a free internet service isn't worth billions has rocked me to my core.