They priced the IPO price wring. I don't how they were valuing a company more than 100b with only 4b annual revenue. Also them paying for instsgram for that much money I thought was poor choice.
Fb stock movement would have always been on speculation while the early investors try to cash in. I think the stock would have some momentum if they priced it lower. Over 100b (which is a generous speculative, hyped up price) would always cause problem. Ppl are not stupid why would anyone pay more for a company that they are saying is "worth close to 100b". There was no upward potential.
I don't think it will crash or anything, I think their strategy was wrong.
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