CITY VIEWS | HAS FACEBOOK’S FLOAT FLOP SURPRISED YOU?
JONATHON DRYER
DEUTSCHE BANK
I was a little surprised and I’d like to know the reasoning behind it, but I don’t think it deserved it. If it had started off low and let the shares appreciate then it could have prevented embarrassing headlines.
KETAN PATEL
HSBC
Not really. And in the current economic climate they’re bound to come down even further. I didn’t buy the shares because there was no point in paying the difference in currency but now I’m glad I didn’t.
MUKESH HIRANI
BANK OF AMERICA
Not at all. It’s social media – how do you really ascertain the value of this stuff? Facebook’s shares were definitely over hyped and over priced and I think they’re going to come further down.