Top 10 Tech Fails of 2012
IP-(Uh)-O Award: Facebook
Although Facebook’s IPO initially set a record for technology companies by raising more than $16 billion, it quickly became the decade’s worst initial public offering. When the social networking giant went public in May, its initial offering price was set at $38, while the company was valued at $104 billion. However, a little more than two weeks later, Facebook shares had dropped dramatically to $26.90 per share.
As it turns out, Facebook’s inability to monetize mobile traffic has caused a lot of concern among investors.Although the stock has rebounded from a recent slide, the share is still way off the $38 debut price. Perhaps being added to the Nasdaq will help.
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December 11th, 2012 at 3:55 pm
I think the Asus thing is hilarious. The shared data plan is criminal. And Blackberry is in serious trouble.
December 13th, 2012 at 4:22 am
LOL, an orb for the Google Nexus Q. That should have been stopped as soon as someone said “orb.” Poor Blackberry can’t really do anything right, what happened to them, really do like the phones & hope that 2013 will be better for them. Why in the world would Asus put USB ports in the back of the laptop, good concept just bad execution. The shared plans are ridiculous, thank goodness they still have single plans. Dell is one of the worst computer makes ever and their support is not any better. Never did get any help with my Dell computer when I was trying to back-up the system. Never did figure out what the problem was and just gave up, will never purchase another Dell computer again.