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July 27, 2012

On second thought...Facebook may not be worth $38/share [Journolist]

It seems the bloom is off the FaceBook rose...perhaps good ol' FB was never a rose to begin with. I mean a company that launches an IPO in mid-May (with the flash and dash of a busby berkeley show on roids) at $38 bucks a share with over a $100B plus in market cap And then 60 days later drops to $23.70 / share losing over $50 Billion in shareholder value bears a striking resemblance to the Hope and Change bill of goods that went IPO back in 08.

I ain't got any links. Last time I linked something, blog went bust and the whole thing went right justified...heh, right justified, I like the ring to that.

Oh, and I recently read in one of my ADD trade mags that misspelling is now cool, so save your breath on any foot-fault typos.

Now go watch the 5.5 hours of Olympics...watch for the dip or at least have some...its brutal.


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posted by Open Blogger at 07:39 PM

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