Now that Facebook is Publicly Traded What's Next?
The Much Anticipated IPO for Facebook (FB) happened last Friday. Like many others, I watched with much anticipation. FB was touted as the biggest IPO in history, yet after all the hooplah and the hype, the stock tumbled by about 33%. Now there is talk that there were some irregularities and some of the underwriters may be getting subpoenas. After one week of trading FB Closes at $31.92 per share. Imagine if you are the guy that bought FB at the Opening Price of $45.00 per share last week?
So what''s next for Facebook? I think many changes are in the future of FB. I think that they will monetize many of the things that are currently free. Much like Market Leader has monetized AR. Here is an interesting piece of information, Zynga, a company that is intricately tied to Facebook has seen its stock tumbled just like FB. It is fascinating to watch. I am curious to know what others think. What changes do you anticipate for Facebook?
C. Lloyd McKenzie, MBA
Berkshire Hathaway HomeServices
New Mexico Properties/Allstar, REALTORS
6739 Academy Rd. NE SU 200
Albuquerque, New Mexico 87109
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