Back in May, everyone was talking about Facebook’s IPO and what it meant for the future of the social network and its stakeholders. If we couldn’t afford shares of our own, we at least wanted to know everything about those who would be snatching up the coveted stock. Four months later, the company faces a PR crisis due to its disastrous filing: Shares in the site have plunged to nearly half their value. As investors try to unload their devalued investment, Wired couldn’t help but pour salt into the wound. It notes that had you bought shares in organic mac ‘n’ cheese maker Annie’s the same day Facebook went public, your stock would actually be up one-third rather than down 40 percent.
Incidentally, Facebook shares are up nearly 1 percent in trading today.