Facebook Stock Continues Decline

On the heels of Wednesday’s 161 point stock market drop, Facebook stock continued it’s market value decline, closing at 28.19. Even worse, one stock analyst reported that he believes the stock’s value should only be just $7.50 a share. Further, some more major advertisers could join GM’s exit from Facebook as well, according to at least one national news report. Couple all of this with at least three investor lawsuits, and things are looking sort of bleak for the Facebook stock issue in the next few days. It seems unlikely for the stock to recover it’s $38 IPO price in the next few days.

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