Facebook was all over the Nasdaq on Friday, but in a disappointing way.
(Credit: Sarah Tew/CNET)
Well, the euphoria over Facebook didn't last long, did it?
I would guess that the enthusiasm over Facebook's stock lasted a few minutes into its first-day trading session, when it ended with a rare $45 order that many believe was more of a fluke than a true indication of demand.
Since then, reality has taken hold. The stock opened with a thud, and is down more than 12 percent to $33.56, a sobering reality for anyone caught with Facebook shares on Friday, when it closed just above its offering price of $38.
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via CNET http://feedproxy.google.com/~r/cnet/NnTv/~3/dJ8WKS7tw68/
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