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In spite of today's rally, Facebook (FB -5.6%) is falling to new post-IPO lows in early trading,...
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Tuesday, May 29, 2012, 10:56 AM ETIn spite of today's rally, Facebook (FB -5.6%) is falling to new post-IPO lows in early trading, and is once more taking related names down with it. ZNGA -3.9%. SVVC -1.6%. GSVC -2.3%. Investor unease with Facebook's reported plans to become a smartphone vendor could be playing a role, but the company's still-high valuation is a more likely culprit.
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This news story has 13 comments:
These stocks are certainly NOT in play at this time.
So what will turn them around?
Probably decent earnings reports, some exciting news, or time.
Beware of the companies that are not in an excellent financial position,
these will not survive.
That's the way FaceBook works, isn't it?
E
The insiders are laughing all the way to the bank,
In the future people are going to understand that there information no matter how trivial is what makes them a commodity and they will control it.
The more they control it the less facebook grows.
The people who bought FB are probably not capable of managing money. I hope the pathetic group is able to get compensated if others were told of downgrades and they were left to hold the bag alone.
They have the wealth and the ability to generate wealth and popular technology's. Some of that may come through acquistion and some from their own invention. FB is a huge corporation, young and brash with some vulnerability, they are surrounded by much negitivity but as yo can see they are not being daunted by it, they are moving forward at a neckbreaking pace. Expect much from this corporation.