According to the WSJ, Mixi’s shares have dropped 28% since its astounding IPO. The shares have dropped because of Japan’s competitive online sector. This shouldn’t come as a surprise to anyone. There was a lot of hype around the Mixi IPO which caused its strikingly high share price. The snewstock price was inevitable going to come down. I just did not expect it to happen so soon.

Related Posts:

• September 26, 2008 -- A Majority of Mixi’s 15 Million Users Give False Info
• August 7, 2008 -- Facebook Sees Major Growth In Japan, But Mixi Still Has The Lead
• September 18, 2006 -- Frolicking Venture Capitalists / Mixi