Facebook stumbles in market debut18/05/2012 - 21:53:32
Facebook stumbled in its eagerly anticipated market debut today, as shares ended barely above the offering price, dampening optimism over the world's biggest social network.
The shares, priced at $38 (€29) on Thursday, gained slightly to close at $38.23
Facebook stock saw roller-coaster action in what was one of most keenly awaited issues in history.
Shares jumped 12% to more that $42 in the opening Nasdaq trades, but within minutes fell back to the offering price and despite a midday rally closed almost flat.