Either some Twitter users are blind or stupid, but whatever the case, the Twitter Trend “RIP Facebook” which is hot today (ranked number 7 as of this writing) and would seem to point to the demise of the giant Social Network website, is in point of fact totally wrong.
As of this writing Facebook Stock is rebounding from its price lows below it’s starting market capitalization price of $28.94, and todays trades have almost erased the money losing period of a day-plus ago. The question is will this good news last for the day, and will the recovery transform into a boom such that the $35 billion lost, turns into a $35 billion gain?
Stay tuned.