On Tuesday the price of the shares on NASDAQ stock market fell below $ 30 per share – the price dropped another 9.62% down to $ 28.84. The Facebook company value fell by 24%, to $ 61.66 billion since the Facebook IPO on May 18. Investors start talking about “bubble effect” of the social network and that the real level is $ 25 per share.
Facebook Minus Quarter
Facebook IPO Failure
Facebook IPO scandals continue. Banks – co-organizers of the IPO (Goldman Sachs and JP Morgan) allowed short sell operations for their customers, which also affected Facebook shares fall, reported The Wall Street Journal (WSJ).
They played not only against the Facebook shares investors, but also against the leading underwriter of the IPO – Morgan Stanley, which tried to hold Facebook shares price on the first day of the IPO. Private investors began to take revenge on the social network, without waiting for court decisions: on Friday, someone flooded the article about Facebook in Wikipedia with pornographic images.
Let’s remind that Facebook IPO took place on May 18 with complications on NASDAQ, and Facebook shares quotes started to fall down after the first day of trading. The Friday’s quote is as follows: 31.91$ – 16% lower than the initial offering price.
HUGE: Facebook Camera App for iPhone
About a month ago Facebook announced buying of the social photo application Instagram for $1 billion.
Today the social network releases its own Instagram Clone application called Facebook Camera for iPhone. This application allows you to rotate, crop and apply upto 15 filters to the image, tag friends, places on them and add a description.
Facebook Rolls Out New Timeline Design
It’s not a secret that Facebook team likes to experiment with design and test all kinds of innovations.
You may noticed that in April, the size of the Facebook timeline cover image was changed to a bigger one. Facebook decided not to stop on this, and prepared some new changes for the timeline’s design.
They are as follows:
Warning: All Facebook Profile Visitor Apps – Fake
Facebook is quickly becoming one of the most popular platforms for web-scams of all kinds. This is not surprising due to 900 million potential victims. Web criminals invent new ways of cheating everyday, recent trend is Profile Visitor Applications, according to Internet security company Dr. Web.
Surprise: Mark Zuckerberg Wedding
Mark Zuckerberg married to the longtime girlfriend on the next day after the Facebook IPO. For the guests the wedding was a surprise – they thought that they were invited because of another occasion.
Facebook Groups File-Sharing
Mashable reports that Facebook rolls out file-sharing feature for groups. It is available now only in Facebook Groups for Schools, which can be joined only by users with the valid email address of the particular college or university. In the nearest future, sharing of the files on Facebook will be available for everyone in any group.
HUGE: Facebook App Center
Facebook launches online apps store with games and other applications intended for use in the social network.
Facebook users can access the Facebook App Center through the Internet and Facebook application for iOS and Android. This should help Facebook to monetize its mobile audience. Now it will be hard to say about Google-Apple monopoly in selling mobile apps.
Warren Buffett said: I will not buy Facebook shares
81 year old billionaire Warren Buffett said that he is not going to buy shares in Facebook but also mentioned that he doesn’t consider Facebook as a second dotcom bubble. “People get excited about companies that have done that well.”
The Daily Telegraph reported Mr Buffett saying: “It is not a bubble… this is not what we were seeing in late 1999 all the way into 2001. We aren’t in any bubble phase of anything.”
Facebook Action Links: Interact with Timeline Apps
Yesterday, Facebook introduced the new function, which is called “Action Link”. This link will appear next to the Like and Comment ones, but its main purpose will be to “interact with your timeline app directly from Facebook.”
