Facebook shares continue to slide, down nearly 2 percent in trading today. That’s after the social media giant offered up its stock in an Initial Public Offering last month at an opening price of $38 a share.

Facebook is a California company, with a good number of employees and investors here who own a bunch of stock. And that, in turn, could pay dividends to the state in taxes. But given the company’s dismal market performance, and the state’s already challenged economy, can Facebook really help state coffers?

Paddy Hirsch is a Senior Producer and host of the Whiteboard series at the business show Marketplace, and he joined KCRW’s Steve Chiotakis to discuss Facebook’s stock dive.

KCRW Radio App TuneIn Stitcher SoundCloud iTunes
Related Posts Plugin for WordPress, Blogger...


  • dating said:

    Thank you, I have just been searching for info approximately this subject for a while and yours is the best I have came upon till now. But, what concerning the bottom line? Are you sure about the source?

  • moneycontrol said:

    In the forex market, the rupee opened higher against the U.S. dollar. The partially convertible Indian rupee opened at 61.64 against the greenback, as compared to Thursday's close of 61.76.

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.