May 30, 2012
Oh, how things can change in a week. Turn the calendar back just a few pages, and Facebook (Nasdaq: FB ) was the toast of the investing world -- a company that could do no wrong. It had already managed to mint fortunes for those involved before its IPO, and many individual investors hoped to cash in on "the next big thing." Fast-forward to today and Facebook finds itself bloodied and bruised, having lost more than 15% of its value over the course of a mere five days. Worse yet, a flood of rumors and errors have surfaced from the period leading to its public debut that look to further taint what has become one of the most memorable IPOs of all time, albeit now for all the wrong reasons. In hopes of commemorating this iconic (or perhaps idiotic) event, a couple of Fools constructed an infographic to recount what got us here.
And while we now know that Facebook's IPO wasn't all that it was cracked up to be, our senior technology analyst has been saying that for months now. In fact, Facebook doesn't even top his list of the best social networking stock on the market. He spells out exactly why investors should be looking to another transformative social networking stock in our new research report, which you can grab free of charge by just clicking here.