Quantcast

Facebook Stock Price Continues To Disappoint

Get the WebProNews Newsletter:
Facebook Stock Price Continues To Disappoint
[ Business]

Facebook shares hit a record low last week, at one point, dipping below $19. While they’ve recovered slightly, they’re still significantly below the $38 IPO price.

As of the time of this writing, shares are down 3% at $19.41.

CEO Mark Zuckerberg has indicated that it is “painful” to see Facebook stock performing so poorly, but some are questioning whether he should even be running the show anymore.

Meanwhile, Facebook is trying out plenty of things to help grow revenue, even if some of it sacrifices the user-friendliness of the site. Essentially, it boils down to finding more ways to show users ads, though there are some pretty interesting payments-related opportunities that could have some potential. Still, the mobile payments space is getting rather crowded, rather quickly, and many have expressed a distrust of Facebook when it comes to handling their money.

Facebook has not even held its annual f8 developers conference, however. We have yet to see what innovation Facebook is going to drop on us this year. Last year, it was the Timeline and Open Graph. It will be interesting to see if this year brings something as significant, or even more so. It will be equally interesting to see how investors react.

So far, we don’t even have a date for f8. Last year, Facebook announced on August 25 that it would be held on September 22. Perhaps we’ll find out in a few days if the company will follow a similar schedule in 2012. The timing last year was a departure from the previous year’s conference, which was held in the spring.

Facebook Stock Price Continues To Disappoint
Top Rated White Papers and Resources
  • http://www.LAokay.com Steve G

    Mark my words. The IPO was the worst thing Facebook could have done. Especially at a time when it didn’t need the money and didn’t need the headaches of trying now to improve revenue and profits to please investors.

  • http://www.klsljamz.com Rick Tillman

    I’m totally still puzzle to what investors see in Facebook. In this age of Internet technology it’s always evolving to something new. The question is “Do people need Facebook? Not really…Look at the big picture about Facebook. Family, Friends, Co-Workers! Really! What’s the true average of family and friends for a real Facebook account? I personally have a very small social circle, no where near the 400 plus Facebook Friends. I always communicate with them by phone. In fact I never post anything personality about daily activities on there. My page itself its set-up for my business. That’s it, nothing more.

    Nevertheless, remember the popularity of companies like Yahoo, AOL and MySpace. They were the superstars of the Internet. Now they are still around but they are even close to what they were. Could Facebook ended up like MySpace. In 2005 MySpace sold for $580 Million, but it 2009 when Pop Star Justin Timberlake and Specific Media purchase it for just $35 Million.

    For all those investors who purchase the Facebook stock at the $36 price. I wonder how long will they continue to hold on.

    Facebook fate lies in the hands of it’s visionary Mark Zuckerberg. I hope he truly has a vision for his company. Because if not there’s going to be a lot people disappointed…But not him, because he can just take his money and run…Later!

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom