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Facebook shares reach new low; $50 billion in market value lost
LA Times ^
| 9/4/2012
| Jessica Guynn
Posted on 09/04/2012 4:45:42 PM PDT by mojito
Facebook shares scraped a new low Tuesday.
The new drag on the already leaden stock: Analysts from two of Facebooks largest underwriters on its botched initial public stock offering cut their price targets.
The Morgan Stanley and JPMorgan Chase analysts also reduced their revenue projections.
Shares closed down nearly 2%, or 33 cents, to $17.73 as some on Wall Street, floored that Facebook has shed $50 billion in market value in just three months, said they feared the company's stock is nowhere near bottom.
(Excerpt) Read more at latimes.com ...
TOPICS: Business/Economy; Extended News
KEYWORDS: facebook; zuckerberg
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Faceplant.
1
posted on
09/04/2012 4:45:50 PM PDT
by
mojito
To: mojito
Thanks for the laugh, FRiend, on a day when the DNC is making the lines so very clear.
May God share His strength. We cannot prevail without it.
Tatt
2
posted on
09/04/2012 4:49:20 PM PDT
by
thesearethetimes...
("Courage, is fear that has said its prayers." Dorothy Bernard)
To: mojito
They were a bit late to the dot come bubble crash
3
posted on
09/04/2012 4:49:24 PM PDT
by
GeronL
(The Right to Life came before the Right to Pursue Happiness)
To: mojito
4
posted on
09/04/2012 4:49:36 PM PDT
by
South40
("Islam has a proud tradition of tolerance." Hussein Obama, Cairo, Egypt, June 4, 2009)
To: mojito
A year ago I told my grandchildren that Facebook would be virtually gone in 5 years.
Four more to go.
.
5
posted on
09/04/2012 4:51:08 PM PDT
by
Mears
To: thesearethetimes...
May God share His strength. We cannot prevail without it. Amen!
6
posted on
09/04/2012 4:51:35 PM PDT
by
mojito
To: mojito
I told my wife I was putting in a bid for Facebook at $.20 each for a thousand shares. She said that sounds about right to her.
To: Mears
My projection - delisted within a year of the IPO, gone withing three.
8
posted on
09/04/2012 4:55:30 PM PDT
by
bigbob
To: mojito
De wimmen is losing Pinterest.
9
posted on
09/04/2012 5:01:12 PM PDT
by
lightman
(Settling for the "lesser of two..." is still choosing Evil)
To: mojito
Mark’s wife is wondering what she got herself into.
To: bigbob
My projection - delisted within a year of the IPO, gone withing three.They do have a billion users - people today need something like Facebook, and here it is. I think it will stick around, but it is a $3 stock at best.
11
posted on
09/04/2012 5:02:18 PM PDT
by
FatherofFive
(Islam is evil and must be eradicated)
To: mojito
12
posted on
09/04/2012 5:13:00 PM PDT
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: mojito
13
posted on
09/04/2012 5:14:18 PM PDT
by
n230099
("When no one knows who is armed...everyone is.")
To: FatherofFive
I’m a father of 5 too and agree this will not die. All of my 5 adult children, their friends & family and my wife all love keeping track of eachother on it. I’m the only one not on it.
To: liberty or death
Nobody sends me email any longer . Everybody I know can be contacted via Facebook , and one can even do live chat with a friend .
15
posted on
09/04/2012 5:18:52 PM PDT
by
sushiman
To: mojito
Facebook is evil. Just deserts.
16
posted on
09/04/2012 5:25:28 PM PDT
by
upchuck
("Definition of 'racist:' someone that is winning an argument with a liberal." ~ Peter Brimelow)
To: Mears
You can almost hear the Democratic controlled California Legislature sobbing along with Jerry Brown. They
had already put the higher share rate into their budget.
17
posted on
09/04/2012 5:31:30 PM PDT
by
funfan
To: The Working Man
putting in a bid for Facebook at $.20 each for a thousand shares In investing, that's called "trying to catch a falling knife". Usually not a good outcome....
18
posted on
09/04/2012 5:31:44 PM PDT
by
nascarnation
(Defeat Baraq 2012. Deport Baraq 2013)
To: funfan
Wait ‘til Obama loses and their plan for federally guaranteed state debt doesn’t happen.
Then you’ll really see some tears.
19
posted on
09/04/2012 5:33:57 PM PDT
by
nascarnation
(Defeat Baraq 2012. Deport Baraq 2013)
To: nascarnation
I’m sorry that you didn’t get the joke. But that’s ok, not everyone has the same sense of humor.
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