Here's Why I'm Not (yet) Unhappy About Losing A Ton Of Money On Facebook Stock (fb)

Jim Edwards, Business Insider
Thu, 11/22/2012 - 10:27am

Back in June, I decided to put my money where my mouth is and buy $1,000 of Facebook stock. I got 30 shares for roughly $31/share and, as history now shows, FB promptly tanked to $17.73 in the following weeks — costing me nearly $400 on paper. The stock has since rebounded a bit to ~$24, but I'm still hundreds of dollars in the red.* So how do I feel?

Place your ad here
Loading...

BING NEWS:

Trump failure has made his stock shorters millions
Rooting for Donald Trump to fail has rarely been this profitable. Just ask a group of mostly amateur Wall Street investors who collectively made tens of millions of dollars over the last month by ...
04/26/2024 - 9:15 am | View Link
Facebook Has Lost $1 Billion Every Month On VR Since June 2022
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that ...
04/26/2024 - 5:55 am | View Link
Meta stock sinks 10% because Mark Zuckerberg still spending and losing tons of money on the Metaverse
Meta stock fell more than 10% Thursday, even as the Facebook parent company reported better-than-anticipated sales in its quarterly earnings the day before. The losses appeared to be driven by the ...
04/25/2024 - 5:46 am | View Link
Meta stock plummets after Mark Zuckerberg touts money-losing projects
During Meta’s earnings call, Mark Zuckerberg focused on AI, the metaverse and hardware projects that aren't currently profitable, turning off investors.
04/25/2024 - 3:18 am | View Link
Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock
What Happened: Meta reported first-quarter revenue of $36.45 billion, which was up 27% year-over-year. The revenue came in ahead of a Street consensus estimate of $36.16 billion, according to data ...
04/24/2024 - 9:23 am | View Link
More

More Movie News

More Business News

This specific kind of commute is stressing women out
Fast Company, Friday - 04/26/2024 - 10:30 PM
It’s one that they do disproportionately more than men. Women do the bulk of caregiving, whether it’s for children, disabled adults, or the elderly. And according to new research published in Transportation Research Part D: Transport and Environment, they also do the bulk of caregiving travel, which means commuting to take those groups where they need to go, such as to school or to doctor appointments.
More | Talk | Read It Later | Share
Bill Gates selling off smaller property near Medina mansion
BizJournals, Friday - 04/26/2024 - 08:22 PM
The home is just down the street from Gates' mega-mansion — dubbed "Xanadu 2.0" — in Medina.
More | Talk | Read It Later | Share
Long-time Jacksonville tiki bar shutting its doors
BizJournals, Friday - 04/26/2024 - 07:51 PM
The hidden bar was known for its rum list and dim sum.
More | Talk | Read It Later | Share
Murray Hill restaurant says adios after six years
BizJournals, Friday - 04/26/2024 - 07:30 PM
The founders of the restaurant looked to bring authentic Tex-Mex to the First Coast.
More | Talk | Read It Later | Share
Round-up: May 4 elections across DFW
BizJournals, Friday - 04/26/2024 - 07:22 PM
Big-ticket bond proposals, mayoral, city council and school board races and more are on the ballot for the May 4 elections across North Texas. Read on to learn what's at stake.
More | Talk | Read It Later | Share
BNY Mellon sells Canadian trust business
BizJournals, Friday - 04/26/2024 - 07:18 PM
Sale of BNY Mellon Trust of Canada to Computershare expected to be completed by mid-year.
More | Talk | Read It Later | Share

Here's Why I'm Not (yet) Unhappy About Losing A Ton Of Money On Facebook Stock (fb)

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News