This weekend only, get a Marketplace zip–up hoodie when you donate $8/month. Don’t wait — this offer ends at midnight Sunday!
And finally today, Facebook, take heart. Yours was not the most disappointing mega-IPO ever.
According to Dealogic, the debut of a Chinese online gaming company a few years back was worse. Giant Interactive Group raised just over a billion bucks in its IPO. Started out well but very shortly turned out to be a bad bet. The stock plummeted 30 percent in its first month.
Facebook’s been trading for about a month now and its stock, as of today’s close, was down about 25 percent. That’s a loss of more than $26 billion, Facebook friends.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.