Monday, August 20, 2012
Facebook Stock Price
Last week’s new low price for Facebook stock is a precursor of what is yet to come. The availability of early investor’s shares (like Goldman Sachs) on the market meant there was a glut of shares available and very few people to buy them. Just wait until Zukerberg can start unloading his shares! I expect the stock price to get down to single digits.
What can save Facebook stock? Maybe hiring a real CEO will help but I’m not sure about that either. Meg Whitman is doing a better job at HP than her predecessors did so maybe there’s hope for Facebook too.
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