Mr. Zuckerberg has long exhorted employees not to pay attention to the stock price, instead pushing them to focus on developing the social network. But in a companywide meeting earlier this month, he conceded that it may be “painful” to watch as investors continue to retreat from Facebook’s stock, according to people familiar with the meeting.
The incredible thing is the stock dropped to $20, and original investors still chose to sell. Even they don’t foresee the stock gaining anytime soon. The stock currently sits at just over $19, and it’s still overvalued. Don’t feel sorry for anyone who bought at the IPO price. They should have known better.
