Today Facebook officially kicked-off its’ long-awaited IPO and raised nearly 18 billion in the process. However investors were skeptical about its’ longterm profit-making abilities, and sent the shares for a wild rollercoaster ride, eventually paring its’ gains. Does social media have the power to generate and sustain real profits in the future, or is this just another fad?
Facebook Stock Price Down. Facebook IPO Tbecame a true failure. Now there are talks of insider selling. Was the business model ever sustainable? If someone makes me pay for facebook I’m leaving because I never liked it much anyway. Mark better come up with another quick idea- fast. Facebook’s stock price is currently at 20.00…
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Facebook, Inc. (NASDAQ:FB): Insiderslab.com found company Independent Director, Reed Hastings, purchased 47,846 shares on August 8, at stock price US$21.03 for about US$1.01 million. Disclose date: August 9. On August 15, the Office of Fair Trading in the United Kingdom announced Facebook, Inc.’s (NASDAQ:FB) acquisition of Instagram for US$1 billion has been approved. At the close of the trading day, shares of Facebook rebounded US$0.82 (or 4.02%) to US$21.20 on high volume of 47.62 million shares, compared to its average volume of 29.58 million shares. In the past 52 weeks, Facebook share prices have been bracketed by a low of US$19.82 and a high of US$45.00, and are now at US$21.20 (7.0% above that low price).