Vonage shares have taken a major smackdown since going public at $17. Now the internet phone company, whose stock has dropped more than 29 percent since its stock market debut, said late Wednesday that customers who agreed to buy into its initial public offering last week must follow through on their commitment to buy their shares.
I can see their point, but it kind of seems desperate to start threatening customers at this point. I really like Vonage but I wonder if this is going to go down as one of the worst ipo's ever. Time will tell.