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+--- Thread: In three days of trading, Facebook's stock has dropped 18 percent from its $38 issue price...Oops? (/thread-118102.html)
In three days of trading, Facebook's stock has dropped 18 percent from its $38 issue price...Oops? - Pa - 03-24-2014 11:41 AM
Soo who else was smart enough to avoid the hype and not get sucked into the Black Hole that is Facebook?
You may be right David, but two weeks, or months... This looks like a dog to me. I hope it works out for those who do, but I will not be taking a position.
- David - 03-24-2014 11:49 AM
Give it two more weeks, and then buy it, as it will eventually rise.
- Nigel Smith - 03-24-2014 11:54 AM
Anybody who used their heads and did a little research who've known facebook was overvalued and their advertising revenue is poor. Google profits are 5 times Facebooks per Dollar spend on shares.
The other thing is Facebook advertising produces poor results for advertisers, recently GM dropped $20 million dollars in marketing on Facebook stating "... Facebook dont give us any market impact ... ".
I think Facebooks real value is about 40 billion dollars, the orginal $104 Billion valuation was always just fantasy.