Investors are quickly bailing as Groupon experienced a new closing low on Friday, with shares down 5% at $4.75. Their stock-price declined even more last week after their second-quarter results reflected a decline in customer growth and revenue.
After all the hype, Facebook’s newly traded stock plunged nearly 11% between its opening day (Friday, May 18) and the following Monday (May 21). Compare that to Google, whose stock never even fell back to their IPO price of $100.00 per share, let alone went below the initial offering price. Facebook’s IPO price opened at $38.00 per share, and by the close of the market on Monday, it had dipped down to $34.03, a decline of 10.99%.