... for us folks that DIDN'T buy into the IPO, that is. From TechCrunch:
Today, Facebook hit a new milestone, perhaps one that it won’t be celebrating much: the stock went down past $20 a share. In fact, as this post is being written it’s trading at $19.99.
[...]
When Facebook first listed on May 18, its shares opened at just over $42.
This almost makes me feel bad for those chumps that bought in. Almost.
Heh. My barber (yup my barber, the lady who cuts my hair, what's left of it) at the NEX in Newport RI told me a few months back that I should jump all over that Facebook IPO. Seems her brother-in-law knows a guy who knows a guy, etc. etc. Yeah, she's still giving haircuts at the NEX. Wonder if she jumped all over that. Ya know when FB first came out it was alright. Now it kinda sucks, so of course they sell stock now. Wonder who their financial whiz is? Betcha he's from Chicago. Just sayin'...
ReplyDeleteI was on FB for about three months and then I bailed. There's NO way in Hell I'd have bought that stock.
DeleteAgree on the Chumps thing. I don't see how FB can really get revenue, except for selling personal info.
ReplyDeleteI am on FB (19 friends!). I use the Cat's moniker, never use full names and rarely post. It's a good way to send home videos overseas.
I keep hearin' FB is good for sumthin', but I never hear enough to make me wanna go back.
DeleteIf I don't understand where the money comes from, I don't even consider buying the stock.
ReplyDeleteYou and me, both.
Delete