Hello Friends
Good Morning, good afternoon and good evening
I thought I would make a post for those who are interested regarding Facebook and the problems that Super Social Network company is facing.
Now we all know about Facbook going public and we all probably thought that this was going to be the next big investment opportunity.
But unfortunately since going public Facebook has lost more than 27% of its value in less than 2 weeks.
After reaching a high of $45 per share Facebook is now trading at around @21.80 per share.
What’s going on here? Was Facebook over hyped? Who’s to blame for this mis- calculation of Facebook’s IPO.
What or Who has investors already suing for hundreds of millions dollars?
Well the market is now looking to NASDAQ who was in charge of handling Facebook’s initial public offering. It seems that the SEC is investigating on whether the NASDAQ indeed had the public’s interest first and not the prospect of making a boat load of money.
If NASDAQ is found to have been negligent in the process the SEC will most likely hit them with fines.
Watch this video from Bloomberg.com
That is all for now
Until next time
Vladimir
