The signs appeared next to a six-lot subdivision in Silicon Valley shortly before Facebook’s IPO on May 18. Beside a “Lots Available” sign on the property in the tony enclave of Los Altos Hills were two smaller A-frame signs brashly proclaiming, “FACEBOOK WELCOME. Will Consider Stock in Trade.”
A few weeks later, the signs are still up, but the proposed deal, not unlike Facebook’s (FB) stock price, is looking like a bust. Facebook shares tumbled Tuesday to a new low of $25.87, down 32 percent from the IPO’s $38 opening price.