Facebook 40% Off IPO

Facebook (FB) went down 6% closing at $21.74 for the day. With today’s closing price, Facebook is now 40% off its original IPO price. I’m sure some poor souls got burned by that hype. I remember reading an article a couple days after the IPO when the stock began to slide, where one analyst priced FB at $13. At the time, I thought it was out of reach. I said no way FB would slide that low. Well, looking at the price currently, FB is not that far off. If Facebook stumbles this quarter, we might see the stock hovering around $13. Not a distant possibility at all.