Unless you’re an econogeek like me you probably aren’t interested in the intracacies of the stock market, and even then some arcana may make your eyes glaze over. I reccomend checking out this nice summary of why Facebook’s stock price is problematic. It’s a grand example of how the price plunge affects the company and the issues it faces – oh and that the price will probably remain low because many activities the company may do BECAUSE of it’s issues can end up driving it down/keeping it low.
At this point we’re probably going to see all sorts of hang-wringing by “experts” who by and large, proved to be idiots, but really when you read the article you can see how counting on a high stock price was bad, and you know that we here have been pretty cynical about it. So, no none of this should be a surprise.
Personally I hope Facebook and Zynga get people to be a lot more cautious about stock, stock options, and IPOs. Then again it seems there’s less starry-eyed goodwill than the hideous dot-bomb era, so there is that.
Steven Savage is a Geek 2.0 writer, speaker, blogger, and job coach for professional and potentially professional geeks, fans, and otaku. He can be reached at https://www.stevensavage.com/