Facebook to Bolt to NYSE? Whatever, Zuck, But Maybe You Should Focus on Business Problems


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A month and a half after that terrible IPO -- you must know the one, it's so important that it has its own Wikipedia page -- things are tense between the companies involved. The New York Times claims Facebook ( FB ) may ditch Nasdaq ( NDAQ ) for the New York Stock Exchange ( NYX ), although the Wall Street Journal reports they're staying together for the sake of the children.

But Zuckerberg seems awfully rear-view-mirror obsessed for someone supposedly running a cutting-edge company. Maybe he ought to accept the fact that Facebook's IPO was an overhyped flop and focus more on the fact the company has big business problems, namely transitioning from desktops to mobile.

Facebook, as YCharts explained here , is just a fancy, more expensive Yahoo ( YHOO ), dependent on the difficult business of advertising. It's not, as YCharts explained in this story , the next Google ( GOOG ).

Half its analysts on Wall Street seem unimpressed. Its post-quiet period public relations campaign helped the stock a bit, but the company is reportedly trying to downplay analysts' expectations for quarterly results. Where it lists its stock, or how it did on its opening day, really doesn't matter anymore. What does matter: where it goes from here.

FB data by YCharts

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: investing Stocks
Referenced Stocks: FB , NDAQ , NYX , YHOO

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