-
Blog Stats
- 8,140,351 hits
-
Search Blog Entries
-
Join 5,492 other subscribers
-
Pages
-
Top Posts
- GUYANA: Flying into Guyana - First Impressions of Georgetown + Kaieteur Falls - 2 videos
- On your mark! Set! GONE! - By Earl John
- DISASTERS: How Long Would Society Last During a Total Electric Grid Collapse?
- RECIPES From Guyana and the Caribbean - From Guyana Outpost archive
- BUSINESS: ChatGPT could threaten some jobs - particularly white-collar ones
- Nostalgia 566 – Saga and Romance of BRICKDAM
- Guyana-Jamaica Friendship Association NY - Boat Ride - Brooklyn NY - July 15, 2023
- GUYANA: Honouring Dave Martins’ legendary body of work + Music video
- Statistics and names of ethnic cleansing during the PPP’s reign - By Freddie Kissoon
- GUYANA’S NATIONAL SONGS
-
Recent Posts
- BUSINESS: ChatGPT could threaten some jobs – particularly white-collar ones
- Guyana-Jamaica Friendship Association NY – Boat Ride – Brooklyn NY – July 15, 2023
- GUYANA: Flying into Guyana – First Impressions of Georgetown + Kaieteur Falls – 2 videos
- DISASTERS: How Long Would Society Last During a Total Electric Grid Collapse?
- CORRUPTION: Oil-rich Guyana still in company of world’s corrupt nations – 2022 Int’l Report
- COMEDY: Dating Over 40 Is Like Thrift Store Shopping. — Joe DeVito – Video
- USA: Losing their religion: why US churches are on the decline
- GUYANA: Georgetown and Silica City – Commentary
- GUYANA: POVERTY AND POVERTY REDUCTION IN GUYANA — by Ralph Ramkarran
- CANADA: Toronto’s vacant home tax has arrived and here’s what you need to know
- Do NOT Fear Putin’s Demise : Victory for Ukraine – Democracy for Russia
- GUYANA: Short Stories: Red Brick Gravel Rash – By Geoff Burrowes
- GUYANA: Guyanese Love Poems – Valentine’s Day 2023 – Moray House Trust
- CHINA-AFRICA: The Myth of the Chinese Debt Trap in Africa – video
- GUYANA: EDUCATION: GTU’s McDonald paints grim picture of school system
- USA: New York Politics: Why George Santos Won’t Resign – By LUKE SAVAGE | JACOBIN
- GUYANA: Aubrey Williams (in his own words) -virtual event – 31 Jan 2023
- WORLD: GLOBAL Cyber Attack ‘Likely This Year’ (Says WEF) – video
- GUYANA: African Guyanese existence again systematically targeted, continually eroded – By GHK Lall
- GUYANA: ENERGY MAGAZINE– Q4 of 2022
-
Recent Comments
- Bernard on DISASTERS: How Long Would Society Last During a Total Electric Grid Collapse?
- Brother Man on USA: Losing their religion: why US churches are on the decline
- wally on USA: Losing their religion: why US churches are on the decline
- Brother Man on USA: Losing their religion: why US churches are on the decline
- Peggy on USA: Losing their religion: why US churches are on the decline
- Age on GUYANA: Georgetown and Silica City – Commentary
- Age on GUYANA: POVERTY AND POVERTY REDUCTION IN GUYANA — by Ralph Ramkarran
- Peggy on GUYANA: Short Stories: Red Brick Gravel Rash – By Geoff Burrowes
- derrycksgriffith on GUYANA: POVERTY AND POVERTY REDUCTION IN GUYANA — by Ralph Ramkarran
- kamtanblog on GUYANA: Georgetown and Silica City – Commentary
- Michael O Alstrom on GUYANA: Georgetown and Silica City – Commentary
- Age on GUYANA: POVERTY AND POVERTY REDUCTION IN GUYANA — by Ralph Ramkarran
- Age on GUYANA: African Guyanese existence again systematically targeted, continually eroded – By GHK Lall
- Clyde Duncan on Do NOT Fear Putin’s Demise : Victory for Ukraine – Democracy for Russia
- Chris on Do NOT Fear Putin’s Demise : Victory for Ukraine – Democracy for Russia
-
Categories
-
Monthly Blog Posts
-
Affiliated Partner Links
-
Caribbean News Links
-
Cricket Websites
-
Guyana - History
-
Guyana - Other Links
-
Guyana Government
-
Guyana News Links
-
Other News Links
-
Guyanese Online
Why Facebook’s Plummeting Stock Price Is a Good Sign
Why Facebook’s Plummeting Stock Price Is a Good Sign
By YUVAL ROSENBERG, The Fiscal Times
Facebook (FB) stock tumbled again Tuesday – and despite the hue and cry that has intensified as the share price has deteriorated and as more and more revelations emerge about the IPO process, the slide is not necessarily a bad thing.
The stock, which went public at $38 a share and opened for trading Friday at $42, has since plunged more than 25 percent to close Tuesday at $31.12. Facebook, which had been valued at $104 billion, is now worth $85 billion – still well above the value some pre-IPO analyses assigned the company.
Admittedly, the steep drop so far has been painful for more than a few on Wall Street. The stock’s weakness has fueled criticism of the Nasdaq exchange, which experienced trading glitches, and the underwriters, particularly Morgan Stanley (MS), which has come under attack for its pricing of the IPO, for increasing the amount of shares sold in the initial offering – and, as Reuters reported on Tuesday, for cutting its revenue forecasts for Facebook just before the company went public.
The heads of the Securities and Exchange Commission and the Financial Industry Regulatory Authority said Tuesday that they would be looking into the IPO and those related issues. [read complete article]
Share this:
Like this:
Related