Menu
Jeff Goldblum Stars in funny GE Link Ad

Jeff Goldblum Stars in funny GE Link Ad

iPhone 6c is possible as iPhone 5c Sales Surge

iPhone 6c is possible as iPhone 5c Sales Surge

Pee-Wee Herman stars in New TV on the Radio Video

Pee-Wee Herman stars in New TV on the Radio Video

Windows 10 Preview Download Release is Today

Windows 10 Preview Download Release is Today

William Shatner and Leonard Nemoy to Star in New Volkswagen e-Golf Commercial

William Shatner and Leonard Nemoy to Star in New Volkswagen e-Golf Commercial

Facebook Shares open below IPO Price [Update]

May 21 2012, 7:57am CDT | by , in News | Technology News

Facebook arrives in the real world. Now revenue will be the only key driver for the share price and value of the company.

Facebook Shares open below IPO Price
 
 

YouTube Videos Comments

Full Story

Facebook Shares open below IPO Price [Update]

Friday was a crazy day on Wall Street. Facebook went public and the NASDAQ trading system failed. Lot's of professional traders could not get their orders in to benefit from the pop. FB shares went out the gate with about a 13% gain. That gain fizzled within minutes to the offering price. Facebook shares closed at $38 on Friday. Today in pre-market trading FB shares are down to $36.50. I actually got saved by the NASDAQ technical issues. My order did not get executed during the first minutes of trading and I cancelled the order as soon as the share value started to drop.

Facebook has lost its "unknown" market potential. Going forward Facebook is going to be measured by revenue numbers. The share price will mostly just be driven by that. This means Facebook needs to step up its advertising game on the desktop and on mobile devices. Prepare for intruding ads.

Congratulations to Mark Zuckerberg. He got married over the weekend to long-term girlfriend Priscilla Chan.

Update:
Facebook Shares in free fall. Trading now at $33, a drop of over 13%.

 

Updates


Sponsored Update

Update: 3

Facebook down over 13%, hitting $33

Facebook Shares in free fall. Trading now at $33, a drop of over 13%. Where will this end? 

 
May 21 2012, 8:48am CDT

Advertisement


Update: 2

Facebook Shares down at $35

Facebook shares trade at 8% below offering price. How low will they drop?

 
May 21 2012, 8:38am CDT

More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

Steve Smith on Release From Carolina Panthers: 'It Was Personal'
Steve Smith on Release From Carolina Panthers: 'It Was Personal'
Baltimore Ravens wide receiver Steve Smith opened up about his release from the Carolina Panthers on Charlotte radio station WFNZ on Oct. 1. Smith said, "It was personal" and felt he "was stabbed in the back."
 
 
Jay Z Profiled
Jay Z Profiled
Luckier than the Luckiest Chap on Earth!
 
 
Microsoft teases Windows 10 phone and Xbox interfaces
Microsoft teases Windows 10 phone and Xbox interfaces
Some subtle changes can be seen in the updated interface
 
 
Isla Fisher Pregnant with Third Child with Sacha Baron Cohen
Isla Fisher Pregnant with Third Child with Sacha Baron Cohen
It is a big 24 hours for Celebrity pregnancy news. Now news break that Isla Fisher is pregnant.