Today's Hard|Forum Post
Today's Hard|Forum Post

Monday May 21, 2012

Why Facebook's Stock is Tanking

Oooh, oooh, pick me...pick me! I know the answer to this question! I'm going to go with A.) Facebook is not worth $100 billion pennies, let alone dollars.

So how did the most heavily hyped stock completely fall on its face? There are a lot of reasons: glitches with the Nasdaq that slowed early orders, an IPO price that got a last-minute bump, and indications of lackluster demand from institutional investors. But the most important is the underlying concern and growing realization that Facebook just isn't worth $100 billion.

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