1

Facebook Share Takes A 9.5% Hit As Wall Street Turns Against Its Business Model

view story
linux-howto

http://techcrunch.com – On Saturday, the financial magazine Barron’s published a very damaging cover story against Facebook and its business model. The article doesn’t break any news about the company, rather it sums up all the negative points that Wall Street has been discussing since Facebook’s May IPO, in a way that seems to have struck a chord with Wall Street. The result is yet another difficult day for the stock (NASDAQ:FB). Currently, shares are trading at 9.49 percent below yesterday’s price. It rose slightly from a low of 20.36 to 21.07 at 3pm Eastern. Facebook’s shares were up (IT news)