Rough start for Facebook IPO

It has been called one of the biggest stock market launches in history, and at first, some investors were concerned that the stock might have been overpriced, but others were more trusting and bought it anyway.


This is certainly not the bright beginning expected for an IPO of this kind and even more considering the significance the company has had within the Tech industry; however, when LinkedIn (NYSE: LNKD) launched, the response from the markets was quite similar in the first few weeks.


On May 31, Facebook (NASDAQ: FB) stock went down to $26.83 at noon, but then it started to scale up again to finally close at $29.60, leaving some people surprised at the considerable number and level of fluctuations happening in one single day.

Copyright Esteban Dobronsky 2012 © All Rights Reserved


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IT sales to businesses help restore investors confidence

The year ends with a recovery in the technology sector thanks to sales targeted to businesses. This indicates that IT stocks are starting to lead the market. Microsoft, Apple and Intel are reporting record revenue and profits, and they are readying themselves to