Facebook goes public

Well it went public last Friday, and instead of a pop, it's definitely a fizzle, or a slide?  $38-$34-$31.5 - How low can it go?

What happens when they panic and start making big changes?

I think an early move is to create premier accounts with some sort of badge for pay, maybe with (tiny) extra features - that won't cause too much backlash, but if there are some swell features for pay only - well that's a trumpet of doom we hear.  blah.

Oh BTW - Of the places I hate - GRPN (11.95 EPS -.54),  ZNGA (6.80 EPS -1.22), LNKD ($101.33! EPS .15)

Linked in - Positive EPS - W00t! - Wait, What? - that's a PE of 694!  Makes Facebook's (now) 71 look positively anemic.

Update: LinkedIn steals data?  Say it ain't so (Forbes)
 
    Oh they're hacked too (Business Insider )

   Oh and June 6 - Facebook is at 26!