Face-Off: FaceBerg Groupon'd At Half-Off IPO Price

Tyler Durden's picture

"And yay verily it was written that as the moon passes thrice through the sky after providing your funds to the IPO-of-the-decade, thou shalt see said funds smite in two..." Faceberg just touched $19, that is a 50% haircut on its IPO launch price from exactly 3 months ago - but as CNBC's Simon Hobbs seems convinced...what about the short-interest? Ask JCP or GRPN! Well, easy come, easy go. Just ask Mark, who has lost half his net worth in 3 months. Do we feel bad for him and his $9.6 billion? No. But we will check back in another 3 months just in case.