Where are Facebook's friends? Stock down after IPO
NEW YORK—Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. By late afternoon, Facebook's stock was at $34.26, down 10.4 percent from Friday's closing price of $38.23.
There was one buyer at the end of Friday: Morgan Stanley.
Investors and technology industry watchers are closely tracking the Menlo Park company's shares. The world's largest social network was one of the most anticipated initial public stock offerings ever, and now serves as a
AP SAN FRANCISCO – For Facebook founder and CEO Mark Zuckerberg, it was quite a week , from birthday, to IPO, to I DO. A day after the historic Facebook stock offering, Zuckerberg on Saturday wed 27-year-old Priscilla Chan, his girlfriend of nearly a
Facebook plunged 10 percent on its second day as a public company, dropping below Friday's initial public offering price. JPMorgan Chase, under fire for a surprise trading loss, fell 3 percent after announcing it will stop buying back its own stock.