That was then. Rather than trading up, Facebook’s after-hours reaction has shares deeply in the red. In fact, this may be an all-time low. Facebook shares are down 7.6% at $24.75 ad we cannot help but note that the post-IPO trading range was $25,52 to $45.00.
What is happening is a deceleration of daily active users, which means that there is the beginning of a social media fatigue. Daily active users were 552 million users.
We have a serious question here. How many of the millions of active daily users are in school, are stay at home moms or dads, retirees, and/or unemployed?
It is no wonder that so many Facebook investors feel like they were suckered into a sham. As a reminder, Facebook is one of the leading offenders when it comes to big companies where shareholders have no power at all.
JON C. OGG
Contact [email protected] for any questions or corrections.
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