Friday saw the long awaited IPO of Facebook Inc and it failed to live up to the hype they got over the past year. Shares of Facebook Inc closed up only 23 cents after hitting $40+ mid-day. Facebook Inc did set a record for trading volume but the huge share float combined with huge retail investor presence, made institutional investors pass on the stock. Read the full story at Value Walk.
Facebook (FB) IPO: The Winners and Losers
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).