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ChanganAzad-kashmirPakistanHaval-jolionHyundaiDebut-pricethey make billions peddling a destructive addiction. is this criticism hitting home? not yet really. the current stock price is at a record high. worth almost five times its debut price. the markets are not telling facebook to do anything different. even as i would argue three big criticisms are emerging across the spectrum. the first is that facebook doesn t just want to you connect. it wants to you crave those connections. it stokes just about anything that meets that profitable craving. as a platform, they don t care if news is real or propaganda is from russia as long as you keep clicking. and then there s idea that it is targeting maddeningly one sided. they use the data to target all of us with precision but we know very little about them. as early as 2005, mark zuckerberg was touting his micro
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charge up to 55 bucks to customers closing relatively new accounts. transferring your money from an old bank to a new one is not cheap. the survey shows a wire transfer can cost 30 bucks and a certified check can cost about $10. the advocacy group called consumers union conducted that survey. find any way to make a buck. any way to make a buck. nothing is free. anything. all right. and while we are addressing financial matters this morning, time for the day s check on facebook stock. and, yeah, another down day. facebook will open just above $28 a share this morning after losing more than 2% yesterday. it s hemorrhaging down 25% since its ipo just two weeks ago. not pretty at all. abc s scott goldberg joins us with more on the free-fall. good morning, scott. reporter: good morning rob and paula. facebook got roughed up again yesterday. if closed down 65 cents for the day. it s now down almost $10 from its debut price of $38 less than two weeks ago.
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its debut price of $38 less than two weeks ago. from so many investors, facebook has been getting the stink eye since it went public and proceeded to lose more than a quarter of its value. but public relations consultant peter himler still calls himself a friend. i saw it as a good investment and i intend to hold on to my investment. reporter: his views are shared by some investors. but on the forward looking options market, there are predictions facebook stock will keep sliding to $25 a share by mid-july. down from its debut a little less than two weeks ago at $38. is this the bottom for facebook? doubt it. all bets are off until we see what their next product line s going to be. reporter: right now we know facebook seemed surprised by the number of users switching to mobile apps. when facebook s revenue depends on ads that show up on full-size computers. and we know mark zuckerberg has been on a honeymoon in italy while his company s stock is tanking. mark zuckerberg is one
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