Facebook executives and employees must dread publicity these days. Every bit of critical news or commentary — and there have been quite a few items that could be characterized as such lately — seems to send the share price downward. The latest push apparently came on Monday from a negative article in The New York Times taking CFO David Ebersman to task for the initial public offering debacle. It is Ebersman’s fault, the Times charged, that the company lost an unbelievable $50 billion in market value in 90 days.
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Is Facebook Stuck in the Sub-$20 Cellar?
Posted by: Erika Morphy September 5, 2012 09:07 AMFacebook executives and employees must dread publicity these days. Every bit of critical news or commentary — and there have been quite a few items that could be characterized as such lately — seems to send the share price downward. The latest push apparently came on Monday from a negative article in The New York Times taking CFO David Ebersman to task for the initial public offering debacle. It is Ebersman’s fault, the Times charged, that the company lost an unbelievable $50 billion in market value in 90 days.