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.
Social Networking Stocks: Egg on the Facebook (NASDAQ: FB)
Facebook Effect: How The Social Network Changed the World
In case you have not heard, Facebook (FB) goes public today and its initial public offering makes it the most valuable company at the time of its offering to ever go public. At $38 a share the company is valued at $104 billion.
While demand to own a stake in the tech giant has been much greater than any would have expected, a new AP-CNBC poll shows that 50 percent of Facebook users believe the social media network may be just a passing fad.
Facebook Testing Highlights; Turning Users Into Paying Customers
As Facebook (NASDAQ: FB) prepares to go public this Friday, it is already moving to show potential investors new monetization opportunities. Facebook Highlights is an initiative the Palo Alto, California-based social network is testing in selected geographies, whereby regular users pay so that their social updates get preferential treatment across all of their friends' news feeds.