Will Facebook Shares Continue to Drop?

by SodaHead News Posted 2012/05/29 18:28:59

Related Topics: Facebook, Stock, Nasdaq, Mark Zuckerberg, Stock Market, IPO, Social Network, Faith, Correspondent, the social network, Media, Social Media, Zuckerberg, Delayed, Market

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	Yes	539 votes	86%
	No	88 votes	14%

Mark Zuckerberg had a huge smile on his face when Facebook launched itself into the stock market on May 18, but things aren't going as well as he'd hoped. The social network's IPO was set at $38, and after hitting a quick high of about $45, shares have fallen below the $30 mark. It dropped nearly 10% on Tuesday, threatening to exacerbate the downward trend.

Analysts are blaming the drop on a variety of things, from a Nasdaq software glitch that delayed trading by 30 minutes, to Zuckerberg's lack of an MBA. Many are suggesting the company's potential for growth is limited. BBC technology correspondent Russian social media executive Pavel Durov tweeted, "The IPO of FB destroyed the faith of many private investors in social networks." Do you think the shares will continue to drop, or will Facebook be able to turn the numbers around?

+21

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El Prez 2012/05/29 18:31:21

Yes

+13
Who wants to buy something that is overpriced and over subscribed?
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More polls by SodaHead News

Bill G5... to Julian 2012/05/30 11:38:37

+2
That's what I heard. Zuckerberg is in it for the money, not the company.

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Franklin to Julian 2012/05/30 12:57:22

that can't be true , big Z has 52% of the shares and there are 2.75 billion shares ..on opening day trading was less than 150 million shares so he could not have done a big sell off ...if he does the price will drop faster than hell ! (not that I am watching or anything LOL)

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no one here 2012/05/30 07:33:25

Yes

+2
Personally, it is not really my thing, and is really for common folks ole facebook. That said, normal people go there and it is popular, when another popular shiny object shows up, we may see it abandoned for the new object. Many of the folks on fb use their cell phones and ads are not usually that user friendly on cell phones. So, the price may stabilize at some point. I am much alike many others on SH and really am not a big fan of the internet social networking control by fb in the first place. I think Zuckerberg just hit it right and perhaps fb is like one of those bands that fizzles out after 5 or so years.

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Aksana 2012/05/30 06:43:50

Yes

Yes

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redhorse29 2012/05/30 06:30:05

Yes

Until the big funds decide it is time to start stocking up. Then they will feast on the panic selling of the small investors. Then the stock will rise well above the IPO price. It may take one two or three years but it will happen.

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Balladeer-PWCM-POTL 2012/05/30 05:58:54

Yes

+3
I think something smells in all this....too many coincidences...Zuckerberg a sleezeball to begin with got his and got out..and then the co-incidences started

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Bill G5... to Ballade... 2012/05/30 11:41:02

+1
Exactly.... he fleeced the sheep.

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Charles Braley 2012/05/30 05:36:10

Yes

+2
I think it will finally bottom out right around $10/share

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Somkey the Hores 2012/05/30 05:05:29

Yes

+1
Facebook sucks.

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gregaj7 2012/05/30 05:01:27

Yes

+1
Me thinks this is set-up to continue to fall.

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Julian to gregaj7 2012/05/30 07:39:06

+1
It's true, I do.

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The Black Dagger 2012/05/30 04:57:09

Yes

+7

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Jackie G - Poker Playing Pa... 2012/05/30 04:55:43

No

+1
Who knows or cares - I wouldn't invest in social networks but that is just my preference. Zuckerberg has got to be grinning still - even with drops, he is worth several billion.

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tracy.m.miller1 2012/05/30 04:42:20

Yes

+5
Of course it will drop, social media is a terrible investment. You're better off investing in pharmaceuticals for male enhancement!

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Bill G5... to tracy.m... 2012/05/30 11:43:51

lol.... yes. As Facebook continues to "drop," you wonder if there is an "enhancement" that could cause it to "rise again."

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mike j 2012/05/30 04:33:31

Yes

+2
I predict that if the stock falls to $27 the nervious initial investors will start to sell off in pretty large numbers , at $25 there will be a landslide sell off and at $22 dollars a bottom will be reached and it will stay between $19 and $23 for the rest of this year. hard core investors will stay in there but it will be a long time before the stock sees worth north of $30.

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Bill G5... to mike j 2012/05/30 11:45:03

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Franklin to mike j 2012/05/30 13:06:14

if thats a bet I will take some action ...I see the stock dropping to $15 a share or lower in the next 14 months . there are just to many shares out there and there are a number of people who could start a sell off (if they want to be rich instead of owning a bunch of shares that is ) and we still have the law suits coming later this year that will drive the price even lower ...LOL

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Kizzume 2012/05/30 04:21:23

Yes

+1
They're trying to buy Opera and they're going to attempt to compete in the smartphone market that's already saturated with iPhones and Android devices. Their future vision looks downright silly as far as I'm concerned.

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Muver 2012/05/30 04:07:01

Yes

In the financial world, that ship has sailed, buy low and sell high...and people now want to take their profits....investors are fickle..

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mwg0735 2012/05/30 03:57:11
geneticmistake 2012/05/30 03:53:01

Yes

+3
Maybe somewhat but the price shouldn't tank....yet. Facebook shares are a gamble. As huge as Facebook is there is a lot of dissatisfaction among users. People are fed up with constant changes within the interface and what Facebook does with all the user data they collect. Most people are there because their friends, real and virtual, are. If an alternative social network (like them or not social networks have become ingrained in society worldwide) were to arise that was more user friendly Facebook could go the way of MySpace. Another possibility is the rise of multiple networks that appealed to different interests. What direction the internet might head over the next few years is anybody's guess.

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JLM630 2012/05/30 03:38:00

Yes

The market for facebook is in correction mode.

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Kozman 2012/05/30 03:33:39

Yes

+2
To be True with everybody. I think Facebook SUCKS... Maybe it's just me. Maybe not.

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SilverWings 2012/05/30 03:27:32

Yes

I hope.

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nofrills 2012/05/30 03:26:37

Yes

+1
zukerberg aint a happy camper nor in any mood to network..after this epic lawsuit

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bunny.elgato 2012/05/30 03:23:54

Yes

+3
I've not seen the portfolio for Facebook but I wouldn't invest in it. Its a downward spiral.

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Farnsworth 2012/05/30 03:05:46

Yes

When it gets to about 22 or 24 per share it will stabilize. 38 Was way over priced.

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Bill G5... to Farnsworth 2012/05/30 11:47:15

+1
Zuckerberg apparently agrees. Maybe that is why he sold out.

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classicshar 2012/05/30 01:39:41

Yes

+3
I surely hope it falls to below $1. That's what the real value of gossip should be! There is nothing 'solid' , trusted or with any integrity about FB. As a result, it should never have earned the right to even be 'on the street'. Social networks are the problem, not the solution for our economy. Maybe this will deal them the blow they deserve and get us back to real 'brick and mortar' relationships, products, and service we can see, touch and trust....

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Nik to classic... 2012/05/30 02:59:24

+1
At $1 a share, you would be valuing Facebook at just $2.1 Billion. In 2011, Facebook made over $4 Billion in add revenue. Some estimates have put it at nearly $6 Billion for 2012. Regardless of whether you "like" social networking, you can't deny that Facebook is an immensely profitable company. Unless something changes, you will NOT see shares fall to as low you suggested. Simple Economics.

Secondly. Did you actually suggest that Social Networking has caused the economic downturn?

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Bill G5... to classic... 2012/05/30 11:54:05

Forget about Nik. I think I understand the point you are trying to make and I agree. A while back a family member in another state announced a death in the family using Facebook. Not being one to "tune in" everyday, I was in the dark until days later when I found out talking to someone else. Very awkward. People who interact with all their friends on FB seem to live in a virtual world.

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Buoyant Leadraft 2012/05/30 01:26:15

Yes

+1
Not only would i never join facebook, i would never buy it's worthless stock.

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GUAPO~LMAO!~ 2012/05/30 01:23:20

Yes

+1

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Walter Harris 2012/05/30 01:23:19

Yes

+2
I hope they drop even more. They are trying to control the net.
Even Google shares.

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You Know IT 2012/05/30 01:19:35

Yes

+3
People were stupid enough to invest in facebook and then it dropped like a rock, anyone who continues after that i hope u continue to lose money, honestly facebook will get phased out in a few years.

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GUAPO~L... to You Kno... 2012/05/30 01:23:58

GREED!!!!

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jake 2012/05/30 01:17:29

No

Honestly, give it time. It will become a front runner stock. if not that.... at least successful

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Charles... to jake 2012/05/30 05:41:34

Yeah - and the Detroit Lions will go 16-0 this season, and will win the Super Bowl by a blow-out ......... NOT!

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umapathy Krishnamurthy 2012/05/30 01:04:56

Yes

+2
The social net work sites don't have long time plan, it lacks vision, whatever happen is sudden boom so it will bust

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