The latest drop in the Facebook stock price came on Tuesday when the price of Facebook stock (FB) closed out at $31 per share. The price is a full $7 less than the IPO stock price from last week and $11 lower than the highest price which Facebook stock climbed to within the first hours of trading.
The stock fell quickly below $40 shortly after the initial opening and has not been above that mark since. Many investors tracking the Facebook stock say that the price, even at $31 is still well above the value of the company based on potential earnings per share. Others point out that the company still has a long way to go to prove that it can be profitable especially in the mobile environment.