Sunday, May 20, 2012

Twitterati and Facebook's trading price

Update, May 26: Check out this chart from Bloomberg News, via Derek Thompson of The Atlantic comparing Facebook's IPO performance to other IPOs.


Update, May 24: Here's an article on Business Insider claiming that the correct valuation for Facebook is $29/share. 

In case you were tempted to buy Facebook on Friday, the day of its IPO: be glad you didn't. Via Alexis Madrigal's blog at TheAtlantic.com, here's a look at predictions on Twitter for FB's closing price on its first day of trading.
Notice anything about the shape of the distribution? And remember where Facebook closed Friday? At just above $38, about where it started.

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