It is hard to remember that only a few months ago, the market was greedily speculating about how high Facebook’s stock might go. Fast-forward to one IPO debacle, several negative research reports, the departure of several top executives, and a lukewarm earnings report, and the question is now fearfully being asked in reverse. How low can Facebook go? It’s a valid question — the stock is now hovering around US$21 per share — a significant drop from its $38 IPO price. That’s up from Thursday afternoon, though, when it slipped to $19.84.
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How Low Can Facebook Go?
Posted by: Erika Morphy August 3, 2012 09:07 AMIt is hard to remember that only a few months ago, the market was greedily speculating about how high Facebook’s stock might go. Fast-forward to one IPO debacle, several negative research reports, the departure of several top executives, and a lukewarm earnings report, and the question is now fearfully being asked in reverse. How low can Facebook go? It’s a valid question — the stock is now hovering around US$21 per share — a significant drop from its $38 IPO price. That’s up from Thursday afternoon, though, when it slipped to $19.84.