Facebook’s IPO finally hit the market at a raised price of $38 per share.
Some were expecting the shares to “pop” as soon as they start trading.
Instead, shares went up to the $40-41 range, but finished the day at $38.23.
I didn’t get into the action, but many others hopped on to get a slice of Facebook. I’m still not convinced they should be trading at a Price-Earnings ratio of 122. In comparison, GE trades at P/E of 15.5, Apple at P/E of 12.93, and Ford at P/E of 2.11 times earnings.
Did you buy shares of Facebook? If they skyrocket, these articles will help you manage the windfall:
Boomer & Echo | How Young Adults Can Still Thrive Financially
Prairie Eco-Thrifter | Why Buying Green Is Not Always Eco-Friendly.
The Simple Dollar | The Great Things You Already Have
On Target Coaching | S.H.I.E.L.D Your Finances From Total Destruction
The Financial Blogger | Partnership Failures and Lessons Learned
Cash Money Life | How Balance Multiple Savings Goals
NPR’s Planet Money | Pizza Delicious Bought an Ad on Facebook – How’d They Do?
Don’t Do It Yourself | How I Tripled My Affiliate Revenue Without Adding Traffic and You Can Too
Get Rich Slowly | When a Women’s Work is Done
The Digerati Life | Should You Cancel Your Credit Cards?
Five Cent Nickel | Being Too Frugal Can End Up Costing You Money
Enemy of Debt | I’m Not Paying For Your Mistake, Even If You Are Only 13
Consumerism Commentary | Young Americans Likely to Be Unbanked Regardless of Income Level
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