Tech Biz Replay: Facebook Slides AGAIN, Sprint’s Newest STRATEGY
Facebook (NASDAQ:FB) shares are having a bad Friday (after a bad Tuesday and Thursday) as they are floating around $19 in late afternoon trading. The stocks are down 9 percent since the first lockup expiration Thursday, and off a whopping 49 percent from their IPO levels. Mark Zuckerberg is said to have commented this month on the potential effect of the share slide upon employee morale and retention, at a company meeting. Worse, it’s now calculated by SecondMarket that anyone who has purchased the shares since November 2010 is currently underwater.
Don’t Miss: Facebook Insiders: Sell, Sell, SELL!
Sprint Nextel Corporation’s (NYSE:S) most recent strategy for stopping share losses to AT&T and Verizon comprises the offering of $400 of in-store credit to families who, before September 15th, transfer a minimum of 3 lines from another carrier to a Sprint Everything Data Share or Simply Everything Data plan. The promotion arrives subsequent to Sprint’s offer of $100 AmEx gift cards to new customers, which led to the reduction of iPhone 4S prices.
Intel Corporation (NASDAQ:INTC): Lenovo Group Ltd. (LNVGY) predicts that Windows RT (NASDAQ:MSFT) tablets will cost between $200 and $300 less than other Windows 8 tablets, which implies that they could start near $300, says Business Insider.
Don’t Miss: What Will Apple Do With This NEW Technology?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.