Facebook stock opens with a thud; down to $33

Facebook shareholders don't have much to smile about today.

(Credit: James Martin/CNET)

So, it looks like investors are not too happy with Facebook this morning.

The company's shares have plummeted in early trading, hitting a low of $33. As of this writing, the company's shares have climbed to $33.16, representing a 13 percent decline compared to its opening price of $38.23. The poor performance puts Facebook much lower than its $38 initial offering price.

The writing appeared to be on the wall this morning when Facebook started trading below $38 in pre-market trading. Before it started trading today, Facebook's shares were hovering around $36 in pre-market.

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