On its first day as a public company, Facebook‘s stock closed at $38.23 a share.That’s up $0.23 a share from its IPO price but down from the stock’s opening trading price of $42.
The stock, which trades on NASDAQ using the symbol “FB,” was supposed to enter the market at 11:00 a.m. ET. Instead, it was delayed by more than 30 minutes, reportedly due to overloaded demand on NASDAQ’s systems.
Some analysts have remarked that the trading delay ultimately hurt Facebook’s opening day.
While many are quick to point the finger at Facebook’s relatively flat performance as a sign that the company has “failed,” we think Twitter’s Director of Platform, Ryan Sarver put it best
Source BY mashable.com
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