Should someone add a FB ticker to the HN home page? :-D<p>But seriously, is there something about Facebook that hit the news that is leading to this drop and is worth discussing? Or is this just to spur some discussion on stock price speculation? If the former, what's the news? If the latter, what's the point?
Can anyone clarify whether the IPO was technically at $38 or $42? On the day of the IPO, everyone in the press was saying the price was $42. But now a lot of the online charts (google finance, yahoo finance, etc.) are showing it opened at $38. Obviously there were a lot of technical glitches that morning. What is going on here?
I said it when it first IPO'd that this would be bad. Investors were looking at this company as they did many other things they invested in. What they couldn't understand is that IT IS NOT like the others. It is a social network. People tend to move on and get tired of them. I don't care what the numbers say, they could be misleading. I stopped going on facebook. And when I do go on, my 1000 friends or so don't have much posting going on. It has become pretty much a more popular version of photobucket or flickr. And when I go on, I don't get that "feeling" that I used to when I used to go on back in the days. A lot of my friends have deactivated and most others aren't on much. Unsuprisingly I might add.
They should just start charging a couple of bucks a year to use the damn thing. They have so many users even if some drop off they would still be making money.<p>(I don't use it so it's easy for me to say)
This makes me want to start buying up shares just so I could brag to friends saying I bought it when it was super low. Probably not a good reason, but the heart wants what the heart wants.
Some small additional info:<p><a href="http://uk.reuters.com/article/2012/08/31/uk-facebook-shares-idUKBRE87U0PJ20120831" rel="nofollow">http://uk.reuters.com/article/2012/08/31/uk-facebook-shares-...</a>