Facebook begins with a fall of over 12% the second day in bag

Posted by Unknown Monday, May 21, 2012

Shares of Facebook, the largest social network in the world, fell over 12% today on his second day in bag to change by more than $ 33 each, which lost the price of $ 38 reached in his historic debut Wall Street last Friday. Half an hour after the start of the session on the Nasdaq, shares of the social network that directs Mark Zuckerberg left the 12.27% or $ 4.69, which were exchanged for $ 33.54 and the value Company stock fell below the 100,000 million, up about 96,000 million.

With that fall, shares of Facebook were exchanged last even below the price range calculated by the firm before going public, between 34 and 38 dollars. The social network that connects more than 900 million people worldwide debut on the stock exchange on 18 May after raising at least 16,000 million with its initial public offering of shares (IPO), a figure that could potentially increase to 18,400 million.

In the midst of an unknown expectation on Wall Street in years, shares of the company began to exchange this Friday $ 42, up 11%, but minutes later he was slowing down to almost no record changes in what had to partly to do some technical errors on the Nasdaq.



Finally, Facebook ended the day with a minimal rise of 0.6%, so that their stock closed slightly above its starting price at $ 38.23 on a day which changed more than 500 million their actions. In any case, the premiere social network was the largest on Wall Street of a technology, well ahead of Google, which in 2004 raised 1,900 million dollars, and the third largest in the history of any U.S. company , behind only General Motors, who joined 18,140 million, and Visa, who pocketed 19,650 million. "Right now this all seems very important. Going public is a milestone in our history, but our mission is not being a listed company, our mission is to make the world more open and connected," Zuckerberg said at the premiere.

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