Facebook Stock At Half-Off, Drops Below $20 A Share

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

Prateek Panda

Prateek is the Founder of TheTechPanda. He's passionate about technology startups and entrepreneurship and enjoys speaking to new founders every day. Prateek has also been consistently regarded as one of the top marketing experts in the region.

Recent Posts

The AI Divide Was Predicted in 1909—And We’re Living It Now

What a century of sci-fi reveals about the choices that will determine the AI transition…

2 hours ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

1 day ago

From Seconds to Seamless: Why Speed is the New Currency in Consumer Finance

There was a time when speed in financial services was considered an advantage. Today, it…

1 day ago

AI in Real Estate: Driving Predictive Design and Smarter Decision-Making

The field of real estate development and planning will become increasingly reliant on Artificial Intelligence's…

1 day ago

Building India’s AI Future: A Blueprint for State-Level Leadership

The State as the Arena of AI Transformation Artificial Intelligence is not a domain that…

1 day ago