Question Details
Google Finance
Will Facebook lose 50% of its IPO value within its first year?
Asked by: kruijs in
Business
» Results
Settled on 08/20/2012 17:16 Settled by gotmick
Settled on 08/20/2012 17:16 Settled by gotmick
Winning option:Yes Today Facebook shares fell below half of their value since their initial public offering three months ago.
http://www.express.co.uk/posts/view/340883/Facebook-shares-halve-in-value
http://www.express.co.uk/posts/view/340883/Facebook-shares-halve-in-value
Predictions
Background
Facebook Inc. (FB) shares extended their decline today following a Reuters/Ipsos poll that showed sagging interest in the site and a minority of users being influenced by ads and comments when making purchasing decisions.
The stock fell as much as 3.8 percent to $25.87, and traded at $26.12 at 2:57 p.m. in New York. Before today, the stock had lost 29 percent since it started trading at $38 on May 18.
http://www.bloomberg.com/news/2012-06-05/facebook-extends-share-declines-since-ipo-san-francisco-mover.html
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