Saturday, May 19, 2012

Time to short facebook stocks?

25% increase in shares for sale days before the IPO, the LA Times calling the IPO an Epic Fail, broad coverage of the Facebook's slow growth and its difficulty in placing advertising on mobile devices and General Motors announced just days before the offering date that it was withdrawing all its paid advertising from Facebook out of doubts that the site is an effective advertising medium... I won't be surprised if the stock goes down next week.