August 17th, 2012
07:42 PM ET

As Facebook stock falls, questions mount over Mark Zuckerberg's future

Facebook sure has some fickle friends.

It's hard to believe that nearly three months ago, we were all talking about the Facebook obsession. It was one of the most talked-about IPOs of all time. But oh, what a difference 91 days makes.

Today the stock hit another all time low, down more than 4% to close at $19.05. That's off its IPO price by more than 50 percent. And that kind of hit is spawning countless questions about both the company's future and that of its 28-year-old leader – Mark Zuckerberg.

Here with more are Shayndi Raice, a reporter for The Wall Street Journal who recently wrote a report about the company's stock troubles, and Joanne Lipman, an author and Newsweek columnist.

Filed under: Markets • Tech
soundoff (3 Responses)
  1. Pop T

    I don't know much about business,in my opinion facebook is still famous,it makes me open to world wide,facebook is a lot of useful for me,I will pray for facebook.I have faith.

    August 23, 2012 at 11:27 am | Reply
  2. Mike H.

    The sad truth is facebook is about bored people posting status updates for their lonely cyber-friends to read. is there a product being offered and sold? Are there any profits being made (even from advertising)? Until this happens, I predict Facebook will go the WebVan way... anyone remember WebVan?

    August 20, 2012 at 4:39 pm | Reply
  3. Joey at Purdue Univ

    I don't know if it's because he wore a hoodie to the roadshow, it seems to have more to do w. the $70x Price-to-Earnings.

    $12/share, that's all I'd give 'em.

    August 17, 2012 at 8:47 pm | Reply

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