Facebook Shares Went Up after Zuckerberg confessionAdded: Sunday, September 23rd, 2012
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A week ago Mark Zuckerberg made an announcement, saying that he was unhappy about how the shares in Facebook had slid.
However, he was also upbeat when it came to a few troubles that Facebook was facing. Zuckerberg was especially bullish about how he had a plan to treat mobile technology. Press reports said that Wall Street was actually impressed by Zuckerberg’s performance. As a result, Facebook shares eventually went up. His half-hour talk turned out to add $6.785 billion in market valuation for Facebook, with shares going up to $22 a piece.
Financial experts said that people are starting to feel a little more comfortable. In fact, the industry observers believe that if the founder of the largest social network in the world got out there and talked to people more instead of developing the network, it would be better for the company.
However, the share price was also helped by the company announcing that its nascent advert exchange wasn’t in testing mode anymore. At the same time, a few advertising agencies reported encouraging early results.
Still, the network can’t fix the major problem it faces. First of all, there’s a large number of “locked-uped” shares that belong to Facebook insiders, which will enter the market in the near future. Secondly, there are many people who purchased Facebook shares in the IPO, and they will also be allowed to sell those shares soon enough.
All these factors point to the share price falling during the next half a year to one year. The experts keep forecasting that the price will stabilize at $13 a piece, unless a company can pull out some huge profits rapidly.
September 23rd,2012Posted by:
Sunday, September 23rd, 2012
|Mark..can you lend me $5 for a hamburger???|
|posted by (2012-09-24 06:01:13)|
|Who gives a s-h-i-t about facebook|
|Forget about it! More FACEBOOK users will be arrested!|
|only idiots use facebook... and eve bigger idiots buy their shares.|
get a life people... nobody cares about what you are doing or your status.
|i was on fb but got board of it im surprised people dont get depressed having to sit behind a comp all night to talk to there mates they should just talk to them face to face or by phone i dont know where they get fb is free from because to get on fb you need internet and that costs money both mobile and comp|
|I would like to use SKYPE rather than Facebook. LMAO||
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