Does Facebook Wreck Marriages? Perhaps in More Ways Than One!

       

Posted today on the Wall Street Journal Law Blog was an article by Quentin Fottrell of SmartMoney entitled: Does Facebook Wreck Marriages?  http://blogs.wsj.com/law/2012/05/21/does-facebook-wreck-marriages/.  The blog posting referenced a statistic from a U.K. survey by Divorce Online indicating that more than one third of divorce filings last year contained the word “Facebook”.  According to research done by Divorce Online, this was up significantly from the 20% of the behavior petitions filed in 2009 - http://blog.divorce-online.co.uk/?p=2338

Facebook’s recent Initial Public Offering (IPO) may also be causing some stress on marriages as the stock price closed at $34.03 and traded below $34 in after hours trading.  The decline represents nearly an $11 billion paper loss relative to the $38 Offer Price at the IPO and  a decline of nearly 25% from Friday’s intra-day high of $45 per share.  Given the large number of retail investors who participated in Facebook’s IPO and the lackluster performance of the stock, married Facebook investors could face new challenges in the future.

 


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