Originally Posted by JaxRed
Well, it certainly appears at this early point that Facebook was a mistake to get into. Down 18% from it's IPO price and 26% from it's initial post IPO price.
Facebook's IPO came at the wrong time and was mishandled. It came at a time when the market was acting irrationally to Greece and was driven down further by a the disaster of its IPO pricing. Once it finds some firm footing I think it will be just fine.
Two things that I like about Facebook:
2. The number of members would be the 3rd largest country in the world. If they find a way to monetize that it really could jump, especially if they find a way to monetize the mobile app.