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Facebook's (FB +3%) weaker-than-expected debut is leading to a massive selloff in...

Facebook's (FB +3%) weaker-than-expected debut is leading to a massive selloff in Facebook-related plays, and (to a lesser extent) Internet stocks in general. ZNGA -13.3%. RENN -9.4%. GSVC -12.4%. SVVC -18.6%. P -6%. GRPN -4.9%. YELP -4.4%. QPSA -5.1%. Facebook is now changing hands at $39.12.
Comments (14)
  • IPOdesktop
    , contributor
    Comments (923) | Send Message
     
    Look out below...
    18 May 2012, 11:50 AM Reply Like
  • moreofthesame
    , contributor
    Comments (743) | Send Message
     
    It's a tech stock without any tech just herds of humans and we all know that herd mentality can change at will.
    18 May 2012, 12:18 PM Reply Like
  • cino
    , contributor
    Comments (33) | Send Message
     
    i had a buy in but when it looked WEAK, i cancelled.
    overall i'm GLAD i did not get in!!

     

    also, bad time overall for an IPO. most stox pretty weak.

     

    BUT the insiders made big $$.
    18 May 2012, 12:19 PM Reply Like
  • Minutemen
    , contributor
    Comments (928) | Send Message
     
    FB = AOL
    18 May 2012, 12:20 PM Reply Like
  • Chris Lau
    , contributor
    Comments (1792) | Send Message
     
    These companies are like the shuffled chairs on the titanic.
    18 May 2012, 01:29 PM Reply Like
  • GoldswanDividend
    , contributor
    Comments (4) | Send Message
     
    So brutal drops for several FB depended stocks. I told my boss not to buy FB on opening day but after 91 days later when original holders can unload their shares to see what happens to the stock price.
    18 May 2012, 01:40 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3827) | Send Message
     
    FB is fairly priced, and thats all thats happened...the sellers who got in before IPO are selling to those who are buying in at or a little above IPO. Either way this will go down as a Facebust because it didn't live up to they hype.
    18 May 2012, 01:57 PM Reply Like
  • IPOdesktop
    , contributor
    Comments (923) | Send Message
     
    So here's the amount of extra supply that will be available at a $40 price

     

    91 days: 268mm shares, $10.7 billion
    91 to 181 days: 137mm shares, $5.5 billion
    181+ days: 1.22 billion shares, $49 billion

     

    Total: $65 billion
    Page 30
    http://1.usa.gov/JPlw1A
    18 May 2012, 02:32 PM Reply Like
  • draque
    , contributor
    Comments (2) | Send Message
     
    my LMT @ 45 pre-open never filled, so I cancelled it
    18 May 2012, 02:47 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3827) | Send Message
     
    Weird that mine filled immediately at $40. Only put in 25 shares, wasn't willing to go all in.
    18 May 2012, 06:45 PM Reply Like
  • Windsun33
    , contributor
    Comments (4276) | Send Message
     
    Not quite sure how (P) got lumped in with "social media" stocks, but I am not all that smart.
    19 May 2012, 03:02 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (806) | Send Message
     
    It's not a social media stock, but it is a volatile Internet stock that had a fairly recent IPO. Same goes for GRPN.
    19 May 2012, 04:39 PM Reply Like
  • Sebanightwish
    , contributor
    Comments (1054) | Send Message
     
    So these stocks should not fall if Facebook lower this week, so be sure
    20 May 2012, 09:40 PM Reply Like
  • Windsun33
    , contributor
    Comments (4276) | Send Message
     
    Groupon has it's own problems, but not related much to Facebook.
    20 May 2012, 09:47 PM Reply Like
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