Facebook stock under performs – where are Facebook’s friends now?

I guess Facebook does not have as many friends as it thought. With dismal stock prices from the start, Facebook’s initial stock offering started at $38.00 per share and closed its inaugural day of trading at a disappointing $38.23. Only up 23 cents for the day. Investors and technology industry watchers are closely tracking the Menlo Park, Calif.-based company’s shares. The world’s largest online social network was one of the most anticipated initial public stock offerings ever.

In Facebook’s first half of the second day, trading is like someone has flushed the toilet on Facebook’s stock. From the beginning the company’s stock has been swirling downward. Currently at 7:52 AM this morning the stock is down 11.9% to $33.68.

Many analysis have stated that Facebook over-valued it’s worth and overestimated demand for the company’s stock. It is estimated that Facebook will generate revenue of $5.78 billion in 2012. Yet – Facebook’s stock is set to $104 billion, more than 20 times Facebook’s worth.

We will be watching this closely and keep you informed with any updates.

If you would like, we provide a Free Technical Assessment, this can be beneficial to new and startup companies that are not sure where to start. You can always find our cloud and hosted services in the right column of this page or by simply going to our website at Raven Cloud Computing

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About Barry Bestpitch

Barry Bestpitch has helped a wide range of businesses launch, re-brand, and flourish. Barry has worked in various business development , marketing positions and executive staff positions, he is experienced in all media and in small and large scale marketing. He is strong at writing business plans and proposals as well as aiding with your funding search. Barry has acted as a coach and mentor to many business owners and executives.

View all posts by Barry Bestpitch

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2 Comments on “Facebook stock under performs – where are Facebook’s friends now?”

  1. A Friend Says:

    Not a good news for Facebook.

    Reply

  2. Nandlal Says:

    I AM VERY PROUD OF HIM WHY HE IS VERY INTELLIGENT BOY

    Reply

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