Modest day for facebook shares.
Ok, so, let’s take a look at this! 1. Within minutes of opening “Facebook” shares jumped to $42 per share, which is a more than 10 percent increase on opening share price of 28 dollars per share. Ok, so that’s interesting. Now, there may be a reason for the huge jump within minutes and this is because trading was delayed due to a technical glitch for approximatly 30 minutes which could have resulted in a very big rush for the shares.
So, at 38 dollars per share that sees Facebook have an evaluation of 104 billion dollars, not the 120 billion dollars that many people expected.
Going back to the trading end of things there seems to be a huge ammount of uncertainty going around for users of the facebook shares firstly because during the thirty minutes or so of a glitch people were unsure of their trades had gone through or not, now I am not a buisness analyst so please accept my apologies if some of the above terminology is incorrect. That is one reason, however on Monday the car giant, “General Motors” released a statement saying that it would “be no longer willing to pay to advertise on the site”, another big blow to investors.
Also, just as a personal note I have absoloutly not seen the balance sheet of facebook so we can not say for sure whether or not it is a good company to invest in.
Did you invest? Will you invest?
Let me know below and for more stories similar
to this one check out http://technology.stephen-omara.com/
Image via CrunchBase