Facebook Share Price Hits $20, 16.35 Low, Will Go Down Even Further Soon

Just when you thought it couldn't get any lower, Facebook's stock price dipped below $20, €16.35 for the first time, approaching half the price it started with - $38, €35 - just a few weeks ago. For a while, Facebook share price started to pick up. But it didn't last, Facebook's first quarterly report scared away the already skittish investors.

While analysts and armchair investors aren't so optimistic about Facebook's future, these are the same people that have been raving about the social network for years, the same people that crowded to buy Facebook shares on the day of the IPO and the same people that, only a few hours later, were already dumping their purchases.

Facebook can't really fail at this point. It will figure out how to make money and will start generating some serious revenue in the coming years. Stock price will soar, eventually. In the meantime, expect share price to go down even further after employees will be allowed to sell stock on August 16th. That will be the time to buy if you then have the patience to wait a couple of years for the price to explode.

Via: Facebook Share Price Hits $20, 16.35 Low, Will Go Down Even Further Soon