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
Free From Broke was featured in the following carnivals:
Carnival of Personal Finance #361 – The Mothers Day Edition | One Cent At A Time
If you’ve included Free From Broke in a carnival and I haven’t mentioned it please drop me a line and I’ll make sure to include it.
Hi Kevin and Glen, Thanks for including a link to my ebook in your roundup!
Our pleasure, it’s a great resource!
Thanks for the mention, guys! The price/earnings for FB is pretty crazy. As powerful as they are right now, I just can’t see them increasing revenues at a rapid rate without chasing away users.
Yeah, FB makes Apple look like a value play.
I didn’t buy any shares, but thanks for the weekend reading list.
I too haven’t gotten into the action. Still debating.
Thanks a bunch for the inclusion. It means a lot.