Tuesday, May 22, 2012

Facebook Stock Plummets Leaving The Company's Future In Doubt On Wall Street

Mark Zuckerberg

Facebook is turning into faceflop on the stock market in New York, as shares of the social networking site plummeted yesterday. On Friday, May 18, 2012, the stock was being propped up by traders intervening via artificial methods to stop it from going under on Wall Street, which was not enough to counter low numbers regarding its IPO. 

It was billed as the biggest IPO in American history, but failed to live up to those expectations upon its debut. Bad buzz online isn't helping matters either. Yesterday's poor performance of the stock cemented said view, with many people describing it as "disappointing."