Etrade baby loses everything as Facebook stock drops 18%.

Okay, not really.  But I imagine this how some are feeling currently.  After opening at $42.00 a share, just a few days later, the stock has closed at $30.00 Tuesday afternoon.   On Day 2, Zuckerberg lost about $2 billion as the stock declined and now, Regulators aretaking a look at Morgan Stanley’s pre-Facebook IPO actions.

The news is the latest headache for Facebook and its underwriters following the company’s debut on the Nasdaq Friday. Shares have since slumped 18% from the offering price of $38 amid criticisms that the company is overvalued.

I keep asking myself, why invest in a webpage ? Hmmmmmmmmmmmmmm.

Check that out here

And I imagine this is how some people are feeling

Advertisements
Tagged , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: