Thursday, May 31, 2012 – 09:30 a.m.
The stock price of social networking giant Facebook is still searching for a bottom Thursday.
The price fell below $27 this morning.
As you will recall, the original IPO price was $38, with the shares trading as high as $45 on opening day.
And California Governor Jerry Brown touted this IPO as being a windfall to the state.
These are the same IPO schemes we can blame losing our 401k bucks in 2000. I am ready for a tv antena. Is that how you spell it? He he… The tech bubble and housing bubble if real growth could sustain the huge salaries for safety and teachers, in which smaller class sizes, led to more hiring.
If we pay for cable, internet and premium channels, why should we have to be bombarded with ads?
Facebook is just a big data log, collecting every dumb thing we comment on. Check out on city websites salary data for Salaries and benefits of Redlands and Colton, then see the hundreds in fees you need to pay for a picnic shelter.
Today, cities lost an injunction to keep RDA slush funds to help major low- sales tax generators. Yet, the tears are being shed not for the taxpayer, but the favored developer.
Facebook failure is another nail in the California budget balance. Do we vote for a bailout?
Meant tech and housing bubbles cannot sustain inflated salaries and teaching staff.
City of Stockton city hall foreclosed, lawyer for employee union sees no alternative to bankruptcy.