Tag Archives : Facebook IPO

Credit : TechCrunch Disrupt Live Stream Facebook’s stock jumped 4.6% in intraday trade following its CEO Mark Zuckerberg’s interview with Michael Arrington, at the TechCrunch Disrupt conference at San Francisco.”The performance of the stock has obviously been disappointing,” said Zuckerberg in his first interview after the IPO launch, in an apparent attempt at reassuring investors and [...]

Those who thought that record low of US $19.69 which Facebook sank to on Nasdaq earlier this month was a buying opportunity were wrong, Facebook’s stock hit a new low of US $18.03 after analyst firm BMO Capital Markets cut its price estimate on the company’s shares from $25 to $15 today. Bank of America-Merrill Lynch and Bank of Montreal slashed their targets on Facebook by 34% and 40%, respectively, [...]

Facebook has lost almost $50 billion in market capitalization, or just under half, of its value since its IPO. The Social Network giant’s shares sank 6.3 percent to a record closing low after the lockup period ended and the early investors were able to sell for the first time since Facebook went public. Facebook stock, which debuted at $38 on May 18 this year, fell as much as 7.1 percent to a [...]

Facebook’s stock price plunged to a below US $20, almost half the price it debuted at in May. Facebook shares are down more than 4% today, falling to as low as $19.82. When Facebook first listed on May 18, its shares opened at just over US $42. Facebook valuation was touted to be US $100 billion-plus prior to the IPO. The latest figures put the company’s market cap at around US $43 billion which [...]