Today, many of us will be enjoying a long weekend, possibly punctuated by picnics, barbecues, and other activities.
But don't forget to take a moment to appreciate the men and women who have passed on while serving in the U.S. military. That's what the day is actually for, after all.
See you tomorrow!
Facebook IPO Stumbles
Late last week, Facebook made history when it hit the Federal Stock Exchange by pricing its stocks at $38 a share, which raised $16 billion in the third biggest IPO in U.S. history and the largest by a technology company. The IPO also values Facebook at a whopping $104 billion, the largest ever valuation for a newly public company.
Ok, now I am not going to pretend to know what any of that previous paragraph means, but I do know one thing: Mark Zuckerberg and company may have overvalued themselves. Over the past week, the talk of the business world was that because of the overvaluation, shareholders have already lost over $100 million. Not good, hence the thumbs down.