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September 24, 2012 11:29 pm GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xaetkP3XeY4/
Facebook Share Takes A 9.5% Hit As Wall Street Turns Against Its Business Model
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xaetkP3XeY4/
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