Lower Nasdaq News Today : Breaking News, Live Updates & Top Stories | Vimarsana

led up to this ipo, this public offering for facebook, many people may step out and say, wait a minute, look where the stock is ending today. the stock ending only up about a fraction of a percent just above that initial ipo offer price of $38. look, many would say it was a messy debut plagued by technical difficulties and not as much demand as everybody thought. we then saw other social media stocks tumble as well in sympathy for facebook. which everybody thought would really pop at the open. and it did. we did see facebook shares pop as much as 18% but clearly they are ending pretty flat on the day. wolf? alison, the whole point is that that $38 number came in at the high end yesterday. that was a number earlier estimates could have come in at $25, $35, $38 was considered pretty big. that was based on investor interest. remember, facebook went on this road show engaging investor interest and there was a lot of investor interest and facebook thought that it could ....

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