As a part of Funk , faceBooks Stock lands just above $18 a share

News / Internet

As a part of Funk , faceBooks Stock lands just above $18 a share

  • 2012-09-06 02:18:37
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News / Internet  As a part of Funk , faceBooks Stock lands just above $18 a share
Facebook shows a declining trend in its stoks and share values thus most of the investors decided it was a good time to dump some shares before Wall Street traders return to work next week to take a closer look at the stock that just can't stop declining.as a result of that last day the shares of the most popular Social media- Facebook closed at $18.08 a share, a 5.3 percent drop from the opening value .Throughout the day, the stock hovered ever so close to the $18 mark, a figure that would price shares at less than half their IPO price of $38.

The continuing downward radial trend is associated to the reduction in revenue forecasts.Advertising has been a major thorn in Facebook's side as it tries to figure out how to make money off ads particularly on the mobile platform without sacrificing user experience.
Categories: Internet

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