What is this Facebook thing?
Just like that Facebook Inc (NASDAQ:FB) is public. Its trading at $41 and up 9% on this fine Friday. Go buy it now because their business model makes perfect sense.
The IPO is done and done. The initial investors got in at $38, you get to buy it today for $41. More than 200 million shares traded in the first hour. The market value of Facebook Inc now stands at $104 billion, that's more valuable than Cisco Systems (CSCO) which started before CEO Mark Z. was born.
Mastery will not be buying today. Stocks have taken a major beating in the past two weeks, its why we are checking out 3 Stocks under $5 to Watch. As SC stated yesterday -- Stocks just went on Sale (UPRO, SSO).
FB CHARTS - Coming soon.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Home Prices Rose 5.3% Year-Over-Year in February | Financial Sense
- The Placebo Effect | Financial Sense
- USDJPY Plunges As Dollar Drops To 11 Month Lows, Commodities Rise | ZeroHedge
- Oil's Latest Casualty: Saudi Binladin Group Fires 50,000, A Quarter Of Its Workforce | ZeroHedge
- Russian Fighter Jet Flies Within 50 Feet Of US Spy Plane Over Russian Naval Base | ZeroHedge
- US-Created System In Iraq Is Collapsing: Protesters Storm Parliament, State of Emergency Declared - Live Webcast | ZeroHedge
- Lessons from Japan: Decades of Decay, Endless Monetary Expansion | Financial Sense
The most relevant financial news and articles from the Internets
- A guy built his own hoverbike and somehow lived to tell... | Business Insider
- A former Goldman Sachs employee has condensed an entire MBA into one online... | Business Insider
- A PhD student figured out why you hate Nickelback so much | Business Insider
- Here’s the massive amount of fuel it takes to launch a rocket into space —... | Business Insider
- Venezuela's economic disintegration hit a sad milestone this week | Business Insider
- Hundreds of anti-government protesters have breached Baghdad's Green Zone and... | Business Insider
- A new workout where people pretend to play the drums is taking LA... | Business Insider