Facebook flop hurts small investors trust in stocks | Reuters

(Reuters) - Just when brokers thought Mom-and-Pop investors were getting excited about the stock market, along came Facebook.

The 17 percent plunge in Facebook's shares since its ballyhooed debut last Friday, coupled with Nasdaq's mishandling of opening day trading, is spooking the very investors who had seemed the most intrigued by the offering, said Wall Street executives.

[...]

Investors poured $33.5 billion of net new money into U.S. stock mutual funds in the first quarter, according to Thomson Reuters Lipper. In the last three weeks, however, they pulled out $16.3 billion.

Facebook flop hurts small investors trust in stocks | Reuters.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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