Facebook is still trading well below its IPO price, and suddenly it's hip to dump on the company. Sure, that IPO was ugly, and its negative effects will continue to be felt for some time. But to everyone out there who thinks Facebook has already played all its revenue tricks and so isn't worth all the hype, I say: hold up.
1. Say goodbye to the individual investor on Wall Street. Whatever positive impression they had of the IPO market and the stock market in general was just torched to the ground. When everyone you know associated with the stock market is telling you and the media is confirming that this could be a huge IPO that will make money for those lucky enough to get shares and the opposite happens, goodnight.
What a week. After eight years, Mark Zuckerberg takes Facebook public at a $104 billion valuation. His longtime girlfriend Priscilla Chan gets her medical degree from the UC San Francisco. He has his 28th birthday.
And to top it all off, they get married today! Mazel tov.
Apparently, the wedding had been in the works for four to five months, according to a source authorized to speak on behalf of the couple.
Taiwanese animation company, Next Media Animation, is covering the Facebook IPO in its own surrealistic way.
Zynga's share price plummeted 11.4 percent from $8.09 to $7.19 in the eight minutes after Facebook's IPO went live, and down 13.3 percent since yesterday. Trading was halted for a number of minutes to stem further losses. Then, the stock came back and started to recover. It's currently down around 5% overall -- and halted again for the time being.
Hundreds of Facebook employees congregated at 'Hacker Square' at the company's Menlo Park headquarters this evening ahead of the company's insanely-hyped initial public offering. Now, some of the first photos are starting to trickle in. There was a standing ovation for chief executive Mark Zuckerberg, who gave a talk before several long-time engineers bounced in while wearing capes or bringing boomboxes.
The Facebook is the most important IPO to EVER hit the StockMarkets - But not for the reasons you think17 May
The Facebook IPO is the most important IPO to hit the stock market in .....forever. Not because of its size in dollars. Not because of the gap up it may experience in its first day of trading. Nope. Its the most important IPO ever because:
1. It could lead to individual retail investors coming back into the market.
For the first time in a long time I had someone ask me what I thought about an IPO.
Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's expected asking price is too high.
The company Mark Zuckerberg created as a Harvard student eight years ago is preparing for what looks to be the biggest Internet IPO ever.