Facebook Stock Falls Lower than Midget Balls
Facebook stock has fallen a dramatic 24% from its IPO price. The fall is due to a multitude of reasons, including the public’s lack of enthusiasm in the business sense of the company’s creator and CEO, Mark Zuckerberg, the public’s doubt in Facebook as a profit-turning business, and of course, the much publicized accusations of insider trading, in which Facebook is alleged to have granted huge investment companies special information about the company that was not given to the common stock buyer.
All in all, Facebook is obviously a great website, but the business end of this web giant seems to be in complete disarray, as its stock falls to below $30 dollars for the first time since its IPO. [USAToday]