Facebook Finally Closes Above IPO Price

If you bought Facebook stock during the company's IPO (and held on to it), you just finally broke even.

It took more than 14 months, but Facebook has finally bounced back from a disastrous public offering. Friday, the social network's shares closed above its offering price of $38 for only the second time in history. Facebook finished an especially fortuitous week of trading at $38.05. The last time the company's shares closed higher than $38 was on May 18, its very first day of trading.

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sell! sell! sell!

Everybody's selling? Then buy buy buy! (in my best Dangerfield voice.)

This stock is seriously over valued and anybody purchasing it is a fool.

Steve said:

If you bought Facebook stock during the company's IPO (and held on to it), you just finally broke even.

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If you buy a stock with the intent of selling it in less than 3 years, you're not investing, you're gambling.

Couldn't have said it better myself!

nilepez said:

If you buy a stock with the intent of selling it in less than 3 years, you're not investing, you're gambling.

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Threads like this used to be a million pages long in less than a day. This proves even the tech community that used to be infatuated with getting another way to be social with their keyboards instead of meeting a person IRL has lost interest in social networking. Combine the aging/dying population with teens and young adults being too smart to get pulled into what fooled the last generations and the decline of social networks in general is just around the corner. That'll probably negatively impact the share price so now or soon would be a good time to sell according to the popular blog about the tech industry I pretend to write.