Kara Swisher

Recent Posts by Kara Swisher

Q: Can Facebook Shares Go Lower? A: How Well Can You Limbo?

Here’s all you need to know:

Facebook’s stock is now $17.73, down another 1.8 percent after hitting previously low lows on Friday. That’s off 53.3 percent from the IPO in May.

The cause? More negative press and a pair of price downgrades from two of the social networking site’s key Wall Street underwriters — from $45 to $30 from J.P. Morgan and from $38 to $32 from Morgan Stanley.

While no longer as bullish, those new price targets are still rather lofty, given today’s slide, 77 percent and 66 percent higher respectively.

This all comes after a spate of worries about mobile growth, payments growth, lockup shares for sale growth.

It’s essentially a growth of growth worries, in which the limbo pole keeps getting lower.

Current basement scenarios on the price are at $15 to $17 a share — right where the stock seems to be headed for what investors hope is a final soft landing.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik