18 May '12, 6am

VIDEO: Facebook stumbled in its first trading day on Friday as shares ended barely above the starting price

VIDEO: Facebook stumbled in its first trading day on Friday as shares ended barely above the starting price

Facebook stumbled in its first trading day on Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype. -- PHOTO: AFP NEW YORK (AFP) - Facebook stumbled in its first trading day on Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype. The stock, priced at US$38 (S$48.1) on Thursday in the largest-ever initial public offering (IPO) for a technology firm, eked out a gain of just 0.61 per cent to end at US$38.23, amid record volume of more than 575 million shares. Shares in the social network titan saw roller-coaster action in what was one of most keenly awaited issues in history. The day began with a 30-minute delay in trade, an incident which regulators were still reviewing. Shares jumped ...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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