In-depth analysis puts proper value of Facebook stock lower than $10 a share - San Jose Mercury News
At ten bucks a share, I'm buying.
Meanwhile, lawsuits are flying.
Because the underwriters were caught lying.
"The fact that 1) Facebook called 21 underwriter analysts and told them to cut their estimates and 2) the firms of these analysts then verbally passed on this information to their biggest clients should eliminate any question about what happened here. This was selective disclosure of critical non-public information."
Read more: http://www.businessinsider.com/facebook-selective-disclosure-2012-5
Meanwhile, BusinessInsider gives us a visualization of Facebook employee reactions: http://www.businessinsider.com/this-is-a-visualization-of-how-facebook-employees-are-reacting-to-the-ipo-chaos-2012-5
Meanwhile, oh-no-Forbes-didn't to Sheryl Sandberg: http://www.forbes.com/sites/ericjackson/2012/05/23/sheryl-sandberg-is-the-valleys-it-girl-just-like-kim-polese-once-was/
Facebook stock fell as low as $17.50 but it's unlikely to go lower from here.
Too many people willing to buy at $16, $14, or $12...
You May Also Like:
