Absent Friday’s underwriter support, Facebook (Nasdaq:FB) is tanking today, down over 12% as I write this. The twitterverse has some great running commentary this morning… here’s some of the best I’ve seen:
Since their first trade at $42, Facebook shares have shed about $11 billion, the value of two Zyngas, or one LinkedIn.$FB
— Dennis K. Berman (@dkberman) May 21, 2012
Like $FB, $AMZN was “optimally priced” on 5/17/97 The stock broke issue, and stayed below til 7/6. No one remembers. twitter.com/bgurley/status…
— Bill Gurley (@bgurley) May 19, 2012
So why aren’t all those ppl scrambling to get allocation on the IPO jumping into $FB now (with both feet)? #nofreelunch
— Aaron Task (@aarontask) May 21, 2012
“I can calculate the motions of heavenly bodies but not the madness of men” – Sir Isaac Newton (physicist, owner 200 shares $FB at $39.15)
— Eddy Elfenbein (@EddyElfenbein) May 21, 2012
Don’t mean to be apocalyptic, but I get a fair value of about $20 for Facebook. And, really, could be much lower read.bi/KrGAe5 $FB
— Henry Blodget (@hblodget) May 21, 2012
everyone always calls mkt toppy/frothy when high profile IPO explodes, so when it implodes like $FB, shouldn’t they be bullish?
— adam warner (@agwarner) May 21, 2012
You think this Congressman still thinks $FB IPO should have been allocated to non-profits? bit.ly/JgAj4w $$
— Bespoke (@bespokeinvest) May 21, 2012
Morgan Stanley mobilizes brokerage salesforce to click Fecebook ads for the next 12 hours. $FB
— Downtown Josh Brown (@ReformedBroker) May 21, 2012
CNBC checking FB stock price as much as kids check their Facebook newsfeeds
— mikeeisenberg (@mikeeisenberg) May 21, 2012
Facebook down 13%. Priscilla Chan having regrets.
— Joseph Weisenthal (@TheStalwart) May 21, 2012
