Facebook falls flat in public debut

By Barbara Ortutay

Associated Press

Published: Friday, May 18 2012 2:49 p.m. MDT

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Summary

After all the hype, Facebook's first day as a public company ended where it began. Its stock closed at $38.23, up 23 cents, after pricing Thursday night at $38 per share.

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Shaun

Sandy, UT

I do not see the hype around facebook. They do not make anything tangible and their business model can easily be copied.

9:38 p.m. May 19, 2012
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LValfre

CHICAGO, IL

@Shaun,

What facebook has is marketshare. They're the clear dominator in the market and it will be very difficult for any website to penetrate it. Google's tried and they can't even do it.

9:56 a.m. May 20, 2012
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cjb

Bountiful, UT

Seems risky to me at a P to E of 100 given what happened to Friendster and MySpace. However I also thought Google was overpriced given that we already had so many search engines at the time AND it isn't hard to start another one.

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12:33 p.m. May 20, 2012
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