Facebook's stock hit a new low Friday after it reported second-quarter results that disappointed investors.
The stock fell $3.90, or nearly 15 percent, to $22.94 in morning trading Friday. Facebook Inc.'s initial public offering of stock priced at $38, and its low had been $25.52, hit on June 6. The stock is now about 39 percent below its IPO price.
Facebook, CrowdGather and Other Social Media Companies Compared
Facebook Inc. (NASDAQ: FB), LinkedIn Corporation (NASDAQ: LNKD), Zynga Inc. (NASDAQ: ZNGA), CrowdGather Inc. (OTCBB: CRWG) and other social media companies have a wide array of valuations in the public markets. In this article, we’ll compare those valuations to determine the most underpriced and overpriced plays in the burgeoning industry.
Take a look at some popular social media firms from a comparative view of P/E ratios, Price-to-Book, Revenue Growth and Market Caps.
(MWE, CRWE, TNC, LTM) BestOTC.com Stock Market Report
MarkWest Energy Partners, L.P. (NYSE:MWE) reported that Frank Semple, Chairman, President and CEO, will present at the National Association of Publicly Traded Partnerships (NAPTP) 2012 Master Limited Partnership Investor Conference at 4:30 p.m. Eastern Time on Wednesday, May 23, 2012, at the Hyatt Regency Greenwich in Old Greenwich, Connecticut.