Zuckerberg ringing the bell on Friday.
(Credit: Facebook)
Facebook's shares are trading lower on their second day on the NASDAQ.
In pre-market trading this morning, the company's shares have dropped 4.37 percent to $36.56, leaving them below their initial $38 offering price and their first-day close of $38.23. Facebook's shares rose to a high of $45 on Monday before flirting with falling below their initial price. It was believed that the stock was buoyed by underwriters to ensure it didn't slip below $38.
Aside from Facebook finally going public, the big story on the day was Nasdaq delaying its opening due to a technical glitch. In a statement, Nasdaq chief executive Robert Greifeld told reporters yesterday that his company was "humbly embarrassed" by its issue, adding that it was "not our finest hour."
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via CNET http://feedproxy.google.com/~r/cnet/NnTv/~3/v7UtK6B8uD8/
I had warned you NOT to buy the Facebook shares: http://andreasmoser.wordpress.com/2012/05/18/dont-buy-facebook-shares/ - If only you had listened.
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