MarketWatch reports that Facebook Inc (NASDAQ:FB) has experienced another free fall in stock price. According to the report, Facebook Inc (NASDAQ:FB) was last trading down 9.2%, yet shares plummeted by a minimum of 10% again today. This set of NASDAQ’s safety net system, which is specifically designed to lock prices on a stock, preventing short sellers from taking advantage of falling prices.
Facebook Inc (NASDAQ:FB) found itself in the cross hairs of a Barron’s report, which claimed the stock is worth only $15 per share. This, along with the already falling prices, has caused major pain for the company.
What can past market crashes teach us about the current one?
The markets have largely recovered since the March selloff, but most would agree we're not out of the woods yet. The COVID-19 pandemic isn't close to being over, so it seems that volatility is here to stay, at least until the pandemic becomes less severe. Q2 2020 hedge fund letters, conferences and more At the Read More
We reported earlier that Stifel Nicolaus had announced that Facebook Inc (NASDAQ:FB) may not find a savior in their campaign to monetize their mobile platform. This seems to be confirmed by a note from another analyst at the same firm, which says that we “may be assuming incorrectly that Facebook will show upside soon from mobile.” These reports were released after an interview with Facebook’s CEO, Mark Zuckerberg, at the TechCrunch Disrupt Conference. Zuckerberg claimed that Facebook was on the verge of making large strides in its campaign to monetize its mobile platform. However, analysts don’t seem to think that it will be enough.
We have witnessed Facebook Inc (NADAQ:FB)’s stock drop through the floor in recent months. The original IPO price of $38 per share, seems more of a distant dream, than a once present reality. And now, the company appears to be in a living nightmare, tortured by ghosts of profit just barely out of reach. Will the company recover its losses? Probably not in the near future, but surely the largest social network in the world can find a way to make a profit on the web. After all, other, much smaller companies seem to be doing quite well in the field of marketing, both to mobile users, and to those of us who still use a desktop.