Town Square

Post a New Topic

Facebook takes a bath

Original post made by FB, College Terrace, on Jul 26, 2012

Facebook shares are down almost 20% this afternoon after both they and partner Zygna reported disappointing quarterly financial reports. Price crashed down through the $24 price point, which is a 1/3 plunge since their recent IPO. Maybe the College Terrace people were smart to kick Facebook out of Palo Alto. Think about how home prices in that neighborhood would be affected if Facebook goes bust and all those employee-owned homes get foreclosed.

This story contains 113 words.

If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.

If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.

Comments (3)

Like this comment
Posted by Sharon
a resident of Midtown
on Jul 26, 2012 at 6:52 pm

The Face Book quarterly results are very bad-but not surprising as FB has declining advertising revenues and their business is predicted to fail.

The IPO made a lot of money for insiders but the regular investor was fooled and deceived about the state of FB future earning.

FB was a fad that is going out of fashion.


Like this comment
Posted by alter Sharon
a resident of College Terrace
on Jul 26, 2012 at 6:59 pm

FB college terrace = Sharon

Sharon has had it out for FB since someone defriended her.

Of course, she's an expert on fads.

Not.


Like this comment
Posted by Ken
a resident of College Terrace
on Jul 26, 2012 at 7:02 pm

ding, ding, ding

Alter nailed it.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

And one more makes three
By Cheryl Bac | 0 comments | 16,066 views

Sam's Chowder House Palo Alto to become burger chain
By Elena Kadvany | 19 comments | 7,687 views

Secretary of Plate
By Laura Stec | 3 comments | 4,073 views

New York College Tours
By John Raftrey and Lori McCormick | 1 comment | 1,535 views

Sing and celebrate
By Sally Torbey | 3 comments | 366 views

 

Palo Alto Weekly Holiday Fund

For the last 23 years, the Palo Alto Weekly Holiday Fund has given away more than $4 million to local nonprofits serving children and families. When you make a donation, every dollar is automatically doubled, and 100% of the funds go directly to local programs. It’s a great way to ensure your charitable donations are working at home.

DONATE HERE