Should Facebook be worried?
Day one was a disappointment as there was no “pop”. Day two was even worse, showing the shares slide 11% to close at $34.03. Is this a bad sign for the long term? No. Not necessarily. The new billionaires in Palo Alto will not become millionaires any time soon and the shares aren’t going to drop much further than they already have. They likely won’t go much higher than their IPO value, either, until some big news about how the infusion of money is being invested hits the wire. Until then, expect a few gains, a few losses, and an overall stabilization of the stock for the next few weeks. This was all created…