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Facebook share price falls below $20

Facebook Campus

Facebook’s stock price reached a new low Thursday as shares of the world's largest social network fell below $20 for the first time, down by nearly half from its $38 initial public offering price.

 

DealBook: Facebook Not Feeling Friendly With Nasdaq

Facebook IPO

Executives at the Internet company are pinning much of the blame on Nasdaq, according to several people close to the company and its underwriters, who spoke on the condition of anonymity because of continuing shareholder lawsuits. Tensions remain so high that Facebook is still considering switching exchanges and is weighing the costs of such a move, these people said.

 

Facebook to file motion, discuss Nasdaq role in IPO: report

Facebook is set to file a motion to consolidate all the shareholder lawsuits against the social network site, and is expected to place some blame on the Nasdaq for its botched IPO when it files the motion, the New York Times reported Thursday.

 

The 10 Biggest Tech IPO Fails of All Time

It’s been over three weeks since Facebook launched its $16 billion IPO, and as you’ve heard by now, it’s belly flopping on the NASDAQ. Wall Street and Silicon Valley VCs are in an uproar over the company's 30-percent stock decline and $25 share value, with some shareholders already looking to recoup their loses by suing CEO Mark Zuckerberg for withholding info on the company’s true value during its public outing.

 

Facebook's Problem Is Its Low Click-Through Rate from Ads

Facebook

In light of Facebook’s disappointing IPO, I'll pull up an article I wrote in February, which said, “... social networks have always been poor at monetizing their traffic, and that hasn’t changed since they gain popularity. Click-thru rates for ads on social networks have always been really low, so they can’t charge nearly as much as Google per pageview. That hasn’t changed since social networks entered the internet landscape and won’t change in the future.”

 

UBS may have Facebook trading loss of $350 million

UBS Sues Facebook

UBS is sitting on losses that could be as high as $350 million stemming from its investment in the Facebook initial public offering, and is preparing legal action against Nasdaq as a result, people familiar with the matter told CNBC.

 

Nasdaq plans $40 million in Facebook IPO compensation

NASDAQ

Nasdaq OMX Group Inc said it will offer cash and rebates totaling $40 million to compensate clients affected by the problems with Facebook Inc's initial public offering.

 

Let’s just agree the bubble has burst

Facebook’s post-IPO performance has been poor. But is it so poor that it will hurt the prospects for other startups? The short answer: Almost certainly.

 

Prices of Facebook stock since long-awaited IPO

Although many investors had hoped for a big first-day pop, Facebook's stock opened on May 18 at $42.05 and fluctuated between $45 and $38 throughout the day. It closed barely above its IPO price, at $38.23. Since the IPO, the stock has been down on seven trading days and up on four. Facebook's stock price has gone as low as $26.44 since the IPO.

 

After Facebook, Kayak IPO Stalls

Kayak Software Corp.

Kayak Software Corp. slowed its march to the stock market in one of the clearest examples yet of the fallout from Facebook Inc.'s tumultuous initial public offering.

 

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