Facebook flop - MoneySense

Facebook flop

Facebook shares fell to an all-time low after insiders were given an easy way out.



  • Facebook shares fell to an all-time low Thursday after insiders were given the opportunity to sell their stock for the first time, flooding the market with additional supply despite little demand.
  • The folks over at The Economist appear to have Canada-envy. The publication ranked 3 Canadian cities among the top 10 most liveable places in the world. Only Melbourne and Vienna topped Vancouver, Toronto and Calgary.
  • Good news for all you budget travellers out there. IKEA has announced plans to open a hotel chain. The first two hotels are expected to open in Germany in 2014. Surprisingly, the hotels won’t use IKEA furniture but instead will embody the Ikea philosophy of  “good quality at a reasonable price.”