Facebook: $10.9B Paper Loss Today Relative to Offer Price
From Mark Nigrini, associate professor of accounting at The College of New Jersey, comes a quick pass this afternoon at calculating the loss in Facebook (FB) shares from today’s 11% drop in the stock. Facebook closed down $4.20, or roughly 11%, at $34.03. Nigrini tallied the public float and the remainder of the shares, still [...]
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