We had a lot o' fun with that Facebook IPO back in May, as did the political cartoonists who provided EIP with a LOT o' blog-fodder during that time. Most of our fun centered around the immediate loss in value of FB shares, which left a lot of investors holding the proverbial bag and it's getting worse. From Reuters:
(Reuters) - Shares of Facebook Inc (FB.O) fell about 1 percent on Tuesday, extending the previous day's losses after an investment analyst reported a decline in U.S. users for the No. 1 social network.
Capstone analyst Rory Maher said he used proprietary software to track user numbers by country over the past six months across more than 200 countries and worked out that the social network had shed users in both the United States and Europe. U.S. users declined by 1.1 percent, he said in a research note.
RTWT, as we citizen-journalists say. What? People are leaving FB? Color me surprised. Heh.
I should've posted this yesterday but didn't. My Bad.