Last week we told you Facebook went public and it went… okay.
At the time, the shares had just stayed about even. This week did not go so well for Facebook. Shares dropped to as low as $31.77 in trading — a 16% drop from the IPO price.
If that weren’t bad enough, now Facebook is being sued because it disclosed some information to some of the investment banks warning them that advertising revenues were off significantly. That kind of information would change an investor’s valuation of the firm, but since it wasn’t publicly available information the banks stood to make a killing by shorting the stock or waiting until the share price dropped.
Whatever happens with the lawsuit, Zuckerburg and his investors came out okay, finally able to trade millions or billions worth of shares that they’ve held for quite some time.
We won’t all get billion dollar payouts, but you can save your way to a healthy retirement. These articles will help you get there:
CNN Money | Be Prepared for Any Home Emergency
Cash Money Life | 5 Important Investing Lessons Learned from the Facebook IPO
Bloomberg | Half of Detroit’s Streetlights May Go Out as City Shrinks
Financial Highway | Win $500! Share Your Best Money Saving Tip
The Simple Dollar | Finding the Path Again
NPR’s Planet Money | Where Dollars are Born
Moolanomy | Do You Really Need $150,000 to Live Comfortably?
Get Rich Slowly | How to Change Your Spending Habits
Consumerism Commentary | Investing for Dividend Income, Not All That Passive
ChristianPF | Where is the Lowest Cost of Living in the United States?
Boomer & Echo | Financial Literacy Is A Lifelong Pursuit
Free From Broke was featured in the following carnivals:
Self Directed Investing For Retirement Carnival – Bear Market Rally is Over
Carnival of Personal Finance #362 – LessJunk Edition | James Petzke
Financial Simplicity Carnival: Three Days Grace Edition — ThisThatAndTheMBA.com | Common Sense Approach to Finance
Yakezie Carnival Will Smith Slap Edition » Financial Success for Young Adults
Financial Carnival for Young Adults – 13th Edition – 20′s Finances | 20′s Finances
The Carnival of Financial Camaraderie #33 – My University Money