10 Tech Turkeys For 2012

Email this CRN article

Facebook's IPO Dud

Facebook, in the year's most breathlessly scrutinized IPO, raised $104 billion and cemented its status as one of the IT industry's greatest success stories.

And then reality came crashing in with a dull thud, and Facebook shares headed south from their initial $38 price, at one point hitting a low of $17.55. With more than a billion users, mobile advertising was supposed to be a slam dunk on the Facebook platform, but that nut has proven more difficult to crack than initially anticipated.


Email this CRN article

Get the latest channel news to your inbox every morning with the CRN Daily newsletter.