Facebook Shares Fall Below IPO Price: Who's to blame?
Fef
2012/05/21 18:43:25
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Facebook's IPO shares sold out at the high end of its asking range. However, the highly anticipated stock faceplanted on its second day of trading. After months (if not years) of media hype and speculation, the stock of social-networking giant dipped below its initial public offering price ($38 per share). Many cite Facebook's earnings as less-than-stellar for the second highest IPO company in history. NASDAQ admits mistakes in its trading platform. And the media now reflects on itself for talking up the stock like a holy grail.
Who deserves the blame for Facebook falling below its IPO price?

Who deserves the blame for Facebook falling below its IPO price?
The stock sank without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday.

Read More: http://www.cnbc.com/id/47503280





















So, this is how it works in such markets. You have lost something if you were "in the game" through your "investments", which are controlled by those controlled by the banks and brokers. Welcome to America, home of the scams, pillage, plunder and white collar criminals that can play with your money and leave you with the risks they don't need to take s they can live well on the "fees", "commissions" and "bonuses" as well as their options to trade the remaining 80% of the stock to you without your even knowing it.
Why must blame be assigned for this?
People don't have "spare cash" to invest right now, thanks.
The IPO was to high IMHO.
Castles in the air.