Facebook is serving shareholders now. I'm hoping there are some serious repercussions internally at FB for this, because as a shareholder, I'm pissed they messed this up because the user base is upset and will continue to stop trusting Facebook.
Sorry to be cynical, but: it was never supposed to be at 38 in the first place. Facebook isn't worth anything close to its nominal market cap, it's just the latest very high profile pyramid scheme, or rather it would have been if they hadn't gone in so absurdly high with the IPO that even the heavyweight investors interested in risky tech stocks have mostly run away.
If you valued Apple like Facebook was at 38 Apple would be worth over 2 trillion dollars. Also keep in mind Apple is faster growing than Facebook in terms of actually making money.
Yeah, sure there is some potential but perhaps not that much. Everyone does scream its got the same trajectory as Google, but the thing is they are already slowing down.
If the stock hits 38 again and Facebook has not figured out a marvelous new way to make a lot more money, then its all just speculation and gambling.
How's the stock supposed to get back to 38 now?