Facebook Investors: Welcome Back to Apple!
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Yes, with all the hoopla surrounding Facebook's (Nasdaq: FB) impending IPO, the challenges to keep money in Apple (Nasdaq: AAPL) may have been a little daunting. Heck, how many people are going to continue buying iPads anyway? Growth has to slow sometime and that stock price -- boy, that price! -- is way to high for the recreational investor.
Then just look at Facebook, many quipped. The stats and reasoning were all there: 900 million users, advertising potential, a simple blue-and-white color scheme. It's got the addictive factor for users.
"Whats the maximum number of shares of Facebook I can buy? Only 1,000? (Hmm...gonna need to free up some cash...aha! Sell Apple!)"
Apple ended up slipping since early in April, when chatter behind the Facebook IPO was heating up. Funds were being shifted, deals were being made.
Monday, Facebook finds itself down over 10 percent to $34 after opening at $42 last Friday. Now, with the initial shock value over and profits being made or lost (mostly lost), Apple finds itself back in positive territory following the long slide (which could've been much worse without earnings).
So, like true love, there's only so much attraction a younger, sleeker, sexier company can offer before you return to where you belong...because, really, you can't play Angry Birds Space on Facebook anyway.
Shares of Apple are up nearly 3 percent on the session Monday.
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Then just look at Facebook, many quipped. The stats and reasoning were all there: 900 million users, advertising potential, a simple blue-and-white color scheme. It's got the addictive factor for users.
"Whats the maximum number of shares of Facebook I can buy? Only 1,000? (Hmm...gonna need to free up some cash...aha! Sell Apple!)"
Apple ended up slipping since early in April, when chatter behind the Facebook IPO was heating up. Funds were being shifted, deals were being made.
Monday, Facebook finds itself down over 10 percent to $34 after opening at $42 last Friday. Now, with the initial shock value over and profits being made or lost (mostly lost), Apple finds itself back in positive territory following the long slide (which could've been much worse without earnings).
So, like true love, there's only so much attraction a younger, sleeker, sexier company can offer before you return to where you belong...because, really, you can't play Angry Birds Space on Facebook anyway.
Shares of Apple are up nearly 3 percent on the session Monday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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