This post was originally posted on May 17th 2012
It is now updated (June 6th 2012) for the most relevant information.
The original post cannot be viewed as of now.
Any comments before June 6th 2012 may be outdated.
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| Image from Google Images |
Facebook, who has recently purchased instagram for $1b in April, rolled itself out in the stock market. Investors: Here is some important information you need to know:
Price per share: Facebook is worth around $26 (About 8:00 PM EST)
IPO: Facebook's IPO (Initial Public Offering) was $38
Value: Offering its initial public offering at $38, Facebook would be valued at $104b
How it will be traded: Facebook will be traded with NASQAQ
Buy? Hold? Sell? At this point, it won't hurt if you buy 10% of the shares in Facebook that you already purchased. Some analysts say that Facebook's stock price can double or even triple over the next five years. For now,
HOLD your Facebook shares.
This post will be continually updated. Stay tuned for more, right here, at Rainbow Posts!
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