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.

If you have a home for sale right now, better cut your price and hope for the best. All those FB millionaires have lost 1/3 of their net worth in the last few weeks and may not be so free spending in the near future.

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

To Cambodia With Love
By Laura Stec | 4 comments | 3,396 views

Early Campaign Notes: City Council
By Douglas Moran | 17 comments | 2,006 views

Life in fast forward
By Jessica T | 3 comments | 1,646 views

Medical
By Chandrama Anderson | 0 comments | 1,588 views

Vikram Chandra's "Geek Sublime" and 10/3 event at Kepler's
By Nick Taylor | 0 comments | 533 views