Facebook belly flop scares off other ‘start-up’ businesses


After Facebooks disastarous float on the public stock market, many other businesses are backing away, with 29 companies pulling out plans to go public, many of them differing social networking models such as Russia’s Vkontakte network. It remains to be seen what the long term impact on this sector will be, but early reports show that many online businesses such as Zynga and Groupon, are dropping in price as well.


About Alexandra McDonald

Online Portfolio of Alexandra McDonald. Current Postgraduate Journalism student. Writing about the news media and politic seems to be my emerging forte but I love writing and researching pretty much anything and everything! Catch me on http://www.activemotion.com.au/shamrock/
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