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?
Facebook is the worst performing IPO of the decade
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?