{"id":15772,"date":"2012-05-21T10:16:45","date_gmt":"2012-05-21T15:16:45","guid":{"rendered":"http:\/\/www.friedyoda.com\/noisecast\/?p=15772"},"modified":"2024-01-15T06:02:14","modified_gmt":"2024-01-15T12:02:14","slug":"facebooks-bubble-bursting","status":"publish","type":"post","link":"https:\/\/www.friedyoda.com\/noisecast\/2012\/05\/facebooks-bubble-bursting\/","title":{"rendered":"Facebook’s bubble bursting?"},"content":{"rendered":"\n
\"\"<\/a>
No, you’re reading that right; that’s a negative number<\/figcaption><\/figure>\n\n\n\n

On it’s second day of trading, Facebook’s stock (FB) fell well below it’s initial offer ($38 per share). It’s not looking good for the social media giant’s leap from site where we dick around to respectable public company.<\/p>\n\n\n\n

Although the tech world had lauded Facebook’s IPO as a hot ticket item, investor sentiment had been lukewarm at best last Friday – Facebook’s first day on the Nasdaq. After a mixed day of trading, Facebook closed their first day of trading at $38.23 per share; mainly due to a last ditch effort by their underwriters at Morgan Stanley to preserve the IPO price.<\/p>\n\n\n\n

Today, Wall Street’s sentiment remains pessimistic about Facebook and at the time of this writing, the price is down over 11%. For what it’s worth, day trading is a job by itself and is not the type of investment that’s beneficial for the average person; in other words, if you’ve invested in FB and you’re reading this from your 9-to-5 and thinking you’ve just put your family in the poor house, stop now and go get a cookie. Seriously, the Market is fickle and it’s much too early to call this a bubble bursting, but in the words of the wise Wu Tang Clan: “Diversify yo’ bonds.”<\/p>\n\n\n\n

\n\n\n\n

Source: Bloomberg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Facebook stumbles! Stock plummets below IPO price on Day 2. Social media giant’s public debut fizzles? Tech titans tremble? Or just market jitters?<\/p>\n","protected":false},"author":13,"featured_media":15773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[738],"tags":[7,2889,2263,3506,1633,1626],"class_list":["post-15772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-facebook","tag-facebook-ipo","tag-nasdaq","tag-news","tag-stocks","tag-tech"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.friedyoda.com\/noisecast\/wp-content\/uploads\/2012\/05\/facetank.jpg?fit=697%2C589&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pelghY-46o","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/posts\/15772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/comments?post=15772"}],"version-history":[{"count":6,"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/posts\/15772\/revisions"}],"predecessor-version":[{"id":23402,"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/posts\/15772\/revisions\/23402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/media\/15773"}],"wp:attachment":[{"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/media?parent=15772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/categories?post=15772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.friedyoda.com\/noisecast\/wp-json\/wp\/v2\/tags?post=15772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}