16. according to the passage, by what amount has Facebook shares dropped since its initial public offering?
Is the social media another dotcom bubble? In After the recent fall in value of Facebook post its initial public offering brings back memories, is the interest in social media simple a repeat of the dotcom bubble of 2000-2002? The parallels are striking, both cases investors aggressively purchased stock, euphorically expecting a high return, however in the subsequent months following the IPO it was clear that a sizeable loss was found instead. Facebook's shares had fallen forty percent since they started trading in May and seem to be continuing onward down. Group-on has also seen its shares plummet, losing two thirds of its initial value. Similarly shares for Zynga have dropped seventy percent since trading. Only time will tell is this period shall go down in history as the second dotcom bubble.