Saturday, 19 May 2012

Facebook Facing The Book!


On Friday, Facebook (FB) started trading at around the $42 marker and dropped nearly $2 by closing down at $38.23, just gaining 23 cents, under 1% on its IPO prices of $38.

The Shares have got a long way to go to catch up with the market capitalization of the likes of the mighty Apple (AAPL), which despite having lost nearly 17% of its value since the first week in April, still can boast a market valuation of nearly 5 times that of Facebook (FB) at nearly $500 billion as per closing prices of yesterday.

The 17% that Apple (AAPL) has lost since 9 April from its market value, was more than the total market capitalization of Facebook (FC)!

aapl intraday trading chart

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