Lots of talk over the weekend that Facebook was originally valued at $6-7 a share, based on revenues.
It will eventually find it’s way to that value, after the issuers can no longer legally prop the stock, in a month.
The stupid muppets get fleeced again.
Indirectly this time. The next wave of visible losses will be the broker who hyped this fraud. How many retirement accounts have real money interest in THAT loser?
Something will continue to hit the fan on this one.