PrimeDesk Blog: Facebook Share Drops Below $20 Each. Too Bad!

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Thursday, August 2, 2012

Facebook Share Drops Below $20 Each. Too Bad!

Today, Facebook hit a new milestone, perhaps one that it won’t be celebrating much: the stock went down past $20 a share.In fact, as this post is being written it’s trading at $19.99 .
Because this number is a bit arbitrary, here’s some context for how the mighty sometimes become less mighty: this might make Facebook worth less than $44.6 billion, what Microsoft offered to pay for Yahoo in 2008.

When Facebook first listed on May 18, its shares opened at just over $42.

Culled from pcworld.

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