Facebook Shares Continue Slide Today

Posted: May 22 2012, 8:40am CDT | by , in News | Technology News

 
Facebook Shares Continue Slide Today

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At 9:30am ET Facebook shares trade close to $31, down 8%.

Facebook (FB) shares slide for the second day. FB closed at $34 yesterday and is now trading close to $31 (down 8%). Facebook has closed on Friday at the IPO price of $38. Now the market seems to try to find the right value of Facebook without the hype. As it looks the FB stock will fall through the $30 mark today. At what value is Facebook a buy?

The next milestone will be the next Facebook Quarterly Earnings announcement.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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.

 

 

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