Facebook share price slumps below $20

August 3rd, 2012 - 7:55 pm ICT by Aishwarya Bhatt  

New York, Aug 3 (THAINDIAN NEWS) Facebook is with fear of its growth. Yesterday, 2nd March for the first time since it came in to being, Facebook shares dropped to below 20 dollars.

Facebook stocks hit a low of 19.12 dollars in the stock market yesterday and now no one is sure about its growth anymore. Everyone is filled with doubts. The shares of Facebook are now at nearly half of what was on the market on Monday.

Analysts think that the shares do not have a future and that they may end up going down until some form of catalyst comes in to play and this might be too late for Facebook.

Facebook, which was among the best American companies when it started with value of 100 dollars is now facing a rocky patch as a public corporation. Other negative things that have affected the company include it being charged for IPO and the departure of some of the senior executives. There have been major concerns that Facebook is slowing down its growth in a very alarming rate since it become public.

There are reports that Facebook made earnings of 32 percent in March this year which are extremely low as compared to last year’s March earnings of 100 percent.

There have been findings that 8.7 percent of Facebook users may not be legit and this is why growth for this company is slowing down.

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