Facebook Inc (NASDAQ:FB)’s IPO was nothing short of a disaster, with the stock down over 35% since going public in May. Amid the aftermath of Facebook’s debacle we decided to take a look at how other high-profile IPOs have trended and how the hedge funds we track are investing in them.
Facebook has been the highest-profile IPO over the last twelve months. The social network has showed signs of strengthening recently, but issues related to mobile monetization continue to pressure the company. This problem is only exacerbated by the fact that more and more users are now accessing Facebook via mobile.
The growth opportunity is still there for Face