Facebook’s disappointing IPO and sluggish stock price don’t tell us a thing about the company’s signficance — or even its …
Facebook’s IPO — in which insiders cashed out $10 billion — now ranks as “the worst performer among all large IPOs on record,” according Bloomberg.
The grotesque contrast between the massive insider cash-outs at Facebook, Zynga and Groupon, and the abysmal performance of those company’s stocks, makes the IPO process — and by extension, U.S. capital markets — look bad. And that’s not good for anyone.
It’s been over a month since Facebook’s troubled initial public offering, and the fallout continues to reverberate from Wall Street to Capitol Hill.
Apple has a problem. The opposite of Facebook’s problem. It’s undervalued and likely to stay that way.
Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth from investors.
Facebook’s Wall Street investment banks warned top clients of new doubts about the social network’s financial prospects just days before the company’s IPO, according to a series of reports that emerged Tuesday.
Even with such a schizophrenic welcome, no one expected the series of mishaps that has marked Facebook’s IPO. Here’s a look at the contributing factors.
And just like that, Facebook is officially a publicly tradable stock after the company sold over 420 million shares at $38 a pop yesterday to raise $16 billion for its IPO. Also “just like that,” the company’s been sued by some …
Facebook shares jumped 13% to hit $43 just minutes after the company went public in the largest Internet IPO in history.