Facebook Stock Prices Dip More than 10 Percent after IPO

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%.

Netflix Raises Rates – Netflix Rate Hike Affects All DVD Customers

Netflix has announced that they are raising their rates, effective for new customers immediately, while the new fees for existing customers will be effective September 1st. The rate hike is said to be necessary to reflect the increased cost of doing business, particularly with respect to postage rates for mailing DVDs. While the new prices apply to everyone, the new pricing plans will most affect those who had the unlimited streaming plus unlimited DVD plan, as Netflix is now separating the two plans, and you must pay a fee for each separately.