FACEBOOK HAS BEEN HALVED

This just happened

Facebook has fallen to $19.

That is exactly 50% from its IPO price of $38.

(It ended by bouncing a couple pennies, so the close is a little more than half, as you can see below)

 Not much more to say.

But if you’re a Facebook employee depressed about this, then read this post by Henry Blodget.

Here’s a chart, via Yahoo Finance…

image

Photo: Yahoo Finance

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

facebook sai-us