As its share value continued to plummet towards zero in its first week of trading, social media giant Facebook has seen off a major revolt by thousands of furious shareholders by issuing a series of heartwarming and whimsical posts featuring kittens and other adorable internet memes.
Shares in the company were initially made available at $39 each last week. But they plummeted to barely $35 within hours of trading, as new shareholders logged onto Facebook for the first time. ‘I couldn’t believe it. It was just a bunch of solipsistic ramblings and inane platitudes being ascribed to the Dalai Lama,’ bemoaned first-time investor Alex Joseph. ‘All for $39 a pop. Thank you very much Mark fuckin’ Zuckerberg.’
Read more >
Posted: May 29th, 2012
More from Business