Welcome to life as a public company: Facebook stock has dropped to around $20 a share, almost half its IPO price. It’s a rough time out there for social-networking stocks, including game maker Zynga, but Facebook’s slide is eye-popping.
Facebook stock has dropped to around $20 a share, almost half its IPO price. The social networking company has seen its valuation tumble to around $38 billion (according to Yahoo Finance). The stock market has soured on social networking stocks including Zynga which now trades for $2.71 a share and has a market capitalization of $2.08 billion.
Via: GigaOm
The Tech Panda takes a look at recent launches in the superfast field of Artificial…
The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…
India has one of the most extensive road networks in the world, growing at its…
The Tech Panda looks at Indian chemical expanding into Southeast Asia through tie ups with…
International Women’s Day provides an important moment to reflect on how professions can support equitable…
When IEEE (Institute of Electrical and Electronics Engineers) announced Jensen Huang, founder and CEO of…