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+ - Facebook Stock Dips Below $20, closes at $20.04->

Holistic Missile writes: The Huffington Post reports that Facebook's stock dropped to barely over half of its IPO value today:
'...The stock hit a low of $19.82 in heavy trading on Thursday afternoon. It has now lost almost half its value since debuting at $38 in May in the largest IPO ever to emerge from Silicon Valley...'
Hopefully, most of us here were able to talk everyone we know out of buying the stock in May, despite the hype.

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Games

+ - What Happens to Your Used Games?->

silentbrad writes: From IGN: "GameStop’s bosses are obviously tired of hearing about how used games are killing gaming, about how unfair they are on the producers of the games who get nothing from their resale. One astonishing stat is repeated by three different managers during presentations. 70 percent of income consumers make from trading games goes straight back into buying brand new games. GameStop argues that used games are an essential currency in supporting the games business. The normal behavior is for guys to come into stores with their plastic bags full of old games, and trade them so that they can buy the new Call of Duty, Madden, Gears of War. GameStop says 17 percent of its sales are paid in trade credits. The implication is clear — if the games industry lost 17 percent of its sales tomorrow, that would be a bad day for the publishers and developers."
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