FB shares down 4.20%

The market is up today but not FB. What a fiasco lol. Hope there isn't much in my 401k

>? do you work for facebook?

FB IPO is a flop.

I know that but it should not effect someones 401k

FB has been declining for the last year. The IPO was there last shot at big cash.

Companies like GM backe out of advertising on their sire before the IPO because their advertising is worthless.

Update: 8.2% LOL!

Well it is actually down 22.8% since the open

RyanTheRhino said:

Well it is actually down 22.8% since the open

Click to expand...

Yeah, but over 8% just today already.

RyanTheRhino said:

I know that but it should not effect someones 401k

Click to expand...

Why wouldn't it? Most of the current holders are institutional are they not?

And no, I don't work for FB lol. Don't even have a FB account.

Wow, been watching it tumble all day. And reading the forum on yahoo a little. Very active as you might imagine. Lots of people lost a lot. Some of it is likely malarky, but there are people talking about lost life savings, homes, margin calls, divorce and even suicide. Some of it sounds real too.

The portfolio managers that were screwed by nasdaq week held the stock in hopes of a bounce. Now since that did not happen so they are dumping the shares they got by mistake on the open. I would look for a few weeks before it is a buy.

yeah.. question is how low can it go? teens?

Umm. i think at this point FB may keep crashing until it hits rock bottom. They need to put out a plan for profit and quick


when FB becomes a penny stock i may consider buying

tet1953 said:

Wow, been watching it tumble all day. And reading the forum on yahoo a little. Very active as you might imagine. Lots of people lost a lot. Some of it is likely malarky, but there are people talking about lost life savings, homes, margin calls, divorce and even suicide. Some of it sounds real too.

Click to expand...

As an investor, I don't feel sorry for a single one of them. That's what'll happen when you "play" the market and try to make a quick buck. I'm LOL'n at the suckers who took a bath on this one. HA HA!

Closed at $28.84
Down another $3.07
That's another 9.62%
LOLOLOLOL!!!!!!!

kelly4 said:

Closed at $28.84
Down another $3.07
That's another 9.62%
LOLOLOLOL!!!!!!!

Click to expand...

Looking more like "Fail-Book" or "Face Palm-Book".

Its good for the people who got shares in the initial round tho, they're all potential billionaires now if they sold in time.

Zuck made you's all suck his face-dick and he's an actual billionaire now, with actual money...I bet he doesnt give a fuck

Well, down again and I guess the loss so far is about 26% off the initial $38. There's a major report out today stating the stock is really only worth about $7.50 per share so it will continue to drop for a while. This will go down as one of the biggest IPO busts in history, with 1000's of lawsuits against JP Morgan, FB and others........ LOL

It can hurt people's 401K's if the fund is invested in the stock, which some are. Zuck has lost about $10 billion in value so far- about $1 Billion for each $1 drop in stock price.......LOL LOL