Truth of the day - Facebook Inc (FB.O) shares tumbled to an all-time low of $22.28 a day, down 40% from $38 IPO price, after the social media company reported a drastic slowdown in revenue growth. Facebook had also failed to offer financial forecasts to quell fears about its ability to boost advertising growth.
Same kind story down under.
Remember in Myer store IPO, the company and its CEO Bernie "BB" Brookes wooed the investors hard with Miss Universe Jennifer Hawkins. But even a beautiful face is only skin deep and can't save a lousy and monkey business.