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To: Mad Dawgg
Facebook closes below its pre-IPO price range MARKETWATCH / NEWSCORE Last Updated: 7:04 PM, June 1, 2012 Posted: 7:03 PM, June 1, 2012 MENLO PARK, Calif. -- Facebook Inc.'s shares slumped to a record closing price on Friday, this time falling below the initial price range that was set when it began the quest for its stock market debut. http://www.freerepublic.com/focus/f-news/2890534/posts

Were you saying something 'Sparky'?

111 posted on 06/02/2012 11:25:25 AM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: fortheDeclaration
And once again you morph your argument.

If you wish to talk overvaluation of an IPO and other Wall street shenanigans while the stock market is taking no prob.

But you started out saying no one would notice if Facebook went away and was proved wrong (900 Million Active accounts is hard to argue ehh sparky?) then you claimed they were nothing more than a platform for attention whores and were proven wrong. (Schools, Churches and even Cities and Townships use Facebook to let those interested know what is going on) Then you claimed they didn't do well in Advertising and were proved wrong (they do more in ads in a quarter than Fox News does in a year and are the number one Ad platform on the internet.)

The IPO was overplayed in a severely down market. But it doesn't mean Facebook isn't worth anything it just means Facebook is worth less than the asking share price. Ain't the first time an IPO slumped lower than asking price (and being the market has dropped steady all during the IPO accounts for a good deal of the problem).

However over 500 Million people STILL use Facebook every 24 hours. That is nearly twice the people that watch Prime time TV in the USA.

hahahah Keep flailing Sparky. Odds are you'll eventually get something right.

Oh and our local VFW has voted to use their Facebook page to conduct their annual scholarship drive.

But like you said Facebook is useless right and nothing more than Narcissism. hahahaha

119 posted on 06/02/2012 11:52:26 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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