Download Podcast | iTunes | Podcast Feed On today's edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to.
Still, the increase of six-tenths of 1 percent was a letdown for many seeking a big, first-day pop in Facebook's share price. "This is like kissing your sister," said John Fitzgibbon, founder of IPO Scoop, a research firm. "With all the drumbeats and
Facebook went public on Friday 30 minutes later than expected. The IPO caused issues for various finance sites such as NASDAQ and eTrade.
"This looks to be disappointment in the price action in Facebook after the IPO," said Todd Salamone, director of research at Schaeffer's Investment Research. While it seemed a little simplistic to think investor actions were being dictated by one stock
There is a strong possibility that the Facebook IPO marks the beginning of the next big leg down in this secular bear market in stocks, which began in earnest in early 2000. While the business of model of Facebook has validity