Close

Vonage, Now Half The Price

Following close on the heels of the news that Verizon is suing Vonage for some sort of patent infringement, upstart VoIP Service Providers declined about $1.09 a share today, down to about $8.51 a share.

Which means, those who paid $17 a share for the IPO, is now down 50%. It just keeps getting uglier…. doesn’t it! (Our poll results are here. 62% predicted that the stock was going to go below $10 a share. )