Welcome to life as a public company: Facebook stock has dropped to around $20 a share, almost half its IPO price. It’s a rough time out there for social-networking stocks, including game maker Zynga, but Facebook’s slide is eye-popping.
Facebook stock has dropped to around $20 a share, almost half its IPO price. The social networking company has seen its valuation tumble to around $38 billion (according to Yahoo Finance). The stock market has soured on social networking stocks including Zynga which now trades for $2.71 a share and has a market capitalization of $2.08 billion.
Via: GigaOm
As India heads into the Union Budget season, industry leaders are looking beyond headline tax…
Joint call from Confederation of Indian Industry, Climate Catalyst, Global Efficiency Intelligence, UC Berkeley’s India…
The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…
The Tech Panda takes a look at recent launches in the superfast field of Artificial…
The Tech Panda looks at Indian business is going to hubs like South Africa and…
The Tech Panda takes a look at recent tech launches. Fintech: BSE 150 Midcap Universe…