Tag Archives: Facebook IPO

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

May 23, 2012

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.          Continue reading

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