Friday saw the long awaited IPO of Facebook Inc and it failed to live up to the hype they got over the past year. Shares of Facebook Inc closed up only 23 cents after hitting $40+ mid-day. Facebook Inc did set a record for trading volume but the huge share float combined with huge retail investor presence, made institutional investors pass on the stock. Read the full story at Value Walk.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.