Facebook is the worst performing IPO of the decade

Published Date
26 - May - 2012
| Last Updated
26 - May - 2012
 
Facebook is the worst performing IPO of the decade

Well it’s official now: According to Blooomberg Businessweek, after five days of trading Facebook has been declared the worst performing IPO of the decade.  We bet the investors are not going to “like” this one, are they?

The decline is apparently because information was selectively supplied to large institutional investors and not smaller individual investors.  It’s now down 16 per cent from what it opened at.
 
But screw all that. What’s even more important is that Digit played nostradamus back in March and  actually predicted this. Check out our March issue cover below. Prophetic isn’t it?

Siddharth ParwataySiddharth Parwatay

Siddharth a.k.a. staticsid is a bigger geek than he'd like to admit. Sometimes even to himself.