On Tuesday , Facebook 's stock has plunged nearly 18 % from its IPO price . Steve Blank : It 's too early to judge Facebook based on its initial performance on the market . Despite its IPO process mess , Facebook just needs to prove its long-term worth , he says . In Silicon Valley , the investor flight to social media marks the beginning of the end of the era of venture capital-backed big ideas in science and technology . TL;DR The social network is still in a holding pattern after it went public last year.
On Tuesday , Facebook 's stock has plunged nearly 18 % from its IPO price . Steve Blank : It 's too early to judge Facebook based on its initial performance on the market . Despite its IPO process mess , Facebook just needs to prove its long-term worth , he says . TL;DR The social network is still in a holding pattern after it went public last year.