The pigeons flapping around the world's dumbest IPO continue to come home to roost. Watch with us as we chart the share-price descent.
June 6, 2012. Facebook's shareprice is now 32 per cent below that initial public offering and the slide is steady. We've said some vitriolic things about this IPO (here, here and especially here) and with hindsight we'd like to say that we don't regret a single word. In fact today Martyn Warwick is having another go with Desperation rules as Facebook shares continue to freefall.
But here's the problem: even the most jaundiced observer must admit that Facebook is probably worth something... but what? What price do you think the stock will stablise at (if at all)? Put your estimate in 'comments' below and we'll keep updating this story as the price continues to drop (or not).
Remember, the value of stocks and shares can actually go up as well as down.
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