Thursday, May 31, 2012

Facebook IPO Facts, Fiction and Flops

Facebook Inc.'s fiasco is still the talk of Wall Street. The newly public shares are losing an average of about $1 per trading day since their offering. If that lasts, the social-networking company would be worth nothing before the end of June, and Chief Executive Mark Zuckerberg's trips to McDonald's will seem less chic and more necessary.

http://professional.wsj.com/article/SB10001424052702304821304577436873952633672.html?mod=WSJ_hps_sections_markets

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