Taken from several sources.
So, Facebook finally did their 'initial public offering' (IPO) - at $38 a share and currently (Wednesday May 23rd) down 18%.
The hype was significant - but ... not the follow through. Even the speculators who jumped in thinking they would sell after a few hours at a big gain were (obviously) disappointed.
Trying to double guess the stock market and particular stocks is a real challenge (and why we have many stock brokers and financial experts). This one may have surprised the experts!!!
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