Facebook shares drop to half its value

http://finance.ninemsn.com.au/newsbusiness/aap/8510128/facebook-share-price-drops-another-4

Facebook’s share price is getting closer to losing half of its value since its highly anticipated public offering.

It lost 84 cents, or four per cent, to close Thursday at $US20.04.

Another five per cent decline would bring it to $US19 – half of its initial offering price of $US38.

The stock traded as low as US$19.82 during Thursday’s session.

The share price has been falling since Facebook released quarterly earnings last week for the first time as a public company.

Investors were disappointed despite second-quarter results meeting Wall Street expectations, with revenue one-third higher than last year.

Facebook began trading publicly in mid-May. But since then, investors have been concerned about its ability to keep increasing revenue and make money from its growing mobile audience.

Many analysts hold positive long-term views.

————

long term it maybe a good one but right now its a loser..the talking point is what is the bottom price?

401

~ by seeker401 on August 6, 2012.

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