Saturday, June 2, 2012 at 6:33 AM
Facebook, face-plant
The fact that the stock price flatlined on its first day of trading yesterday (opening at $38 and closing at $38.23 instead of at twice or three times that amount as analysts predicted) should provide a rude awakening for all of the suckers who bought the hype.
I’m sure they won’t like that.
(“Facebook IPO just floating another tech bubble,” The iPINIONS Journal, May 19, 2012)
The stock is now trading at $27….
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