Facebook Starts Low on the Second Day on Wall Street
Shares of Facebook, the largest social network in the world, fell today over 12% in its second day bag to change by more than $ 33 each, which lost the price of $ 38 reached in his historic debut on 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 stock market value of the company fell below the $ 100.000 million to 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.
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 eventually increase to $ 18.400 million.
Amid anticipation unknown on Wall Street in years, the titles of the company began to exchange this Friday for $ 42, up 11%, but minutes later he was holding back until virtually no record changes in what they had to do partly a technical error on the Nasdaq.
Finally, Facebook ended the day with a minimum increase of 0.6%, so that their stock closed slightly above its starting price at $ 38.23, a day that changed more than 500 million shares.
In any case, the premiere social network was the largest on Wall Street of a technology, well ahead of Google, which in 2004 grossed $ 1.900 million and the third largest in the history of any U.S. company, only behind General Motors, which entered $ 18.140 billion, 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.
Category: Business News
