Hurting the brand, and diminishing the value of their shares.
But at least they won’t learn anything.
I keep reading that the opening price was too high and the technical glitches with the NASDAQ system were/are driving the price down.
This is just dumb. The market decides the price. Anyone numb enough to pay too much just didn’t read the prospectus and estimate the value of the stock. You don’t buy stock at the asking price just because that’s what’s asked! You buy when you estimate that the value is greater than the price.
DUH!
Given the history of most internet stocks and the recent history of Facebook, Inc., I wouldn’t pay much for their stock. There may be an opportunity for long-term profits, but I haven’t seen it yet. Almost every Internet craze has passed. Social media is hot right now, but it will become stale soon enough.