I'm an avid FB user as well. I use it to stay in touch with people from many parts of my life, all in one. I also use it as a way to goof on friends, and they can goof back on me. I don't get the fear over it. No one says you have to post something everyday. No one says your posts have to be meaningless. I also use it to promote my newly created food blog.
I'm old school on social networks, just as my parents were old school TV remote users. I verbally ask my children for updates from FB just as my parents asked their children to change the channel or volume on the TV set.
I have never received any spam using this approach.
More power to FB founders - new wealth is always good. They should invest their money wisely - solid, proven, dividend paying stocks.
Peace!
Facebook stock has dropped 10% in today's trading. It will be interesting to track it for a while. The employees that were given stock can not sell for 180 days so we shall see what it does.
Facebook, Inc. (FB) Real-Time Stock Quote - NASDAQ.com
Jim
Its down again today. Now at $30.84 which is almost a 20% drop in 2 days. Thats a $20 Billion drop in value. Definitely a FAIL.
Jim
The primary investment bank and M.Z. have got a lot of explaining to do. Upping the volume and price just days before the IPO from a relatively sane position to one of insanity and directly causing this instantaneous market correction (right back down to where it would have been to start with). They just HAD to reach that magical "$100 billion" number... at the expense of thousands of investors.
FB shouldn't even BE IPOing, WTH? It's a dinosaur in the Internet market now. Fully entrenched, maxxed out on users, with no real place to go. They should have IPOed 3 years ago, maybe more? Or not at all. You don't IPO a company at it's obvious peak.
Oh well, I just hope to heck that none of my funds played into that disaster
The headless chickens are coming home to roost.
Facebook Founder And Banks Sued Over Float - Yahoo! News UK
If the opening share price was rigged then heads should roll, but investers should have used a bit of common sense too.
It needs one hell of a revenue stream to just keep Facebook treading water.
True, but one would expect some semblance of a level playing field when a company is floated on the Stock Exchange or am I being too naive?
IPO's can often go down;
IPOs jump 12% on average on first day of trading this year - ABC News
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