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 funding events in the tech ecosystem, seeking…
Crypto curiosity is booming and not just among investors, but across entire industries. Even as…
Crypto may no longer be the rebellious outsider of finance. As AI dominates headlines, digital…
India has never lacked stories. What it has lacked, for decades, is a practical way…
The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…
India’s Global Capability Centers (GCCs) are facing not just one, but two policy storms. The…