Despite all of the hype surrounding Facebook’s IPO, the stock is down about 13% this morning. I don’t think they can blame this on Nasdaq.
Facebook Inc. shares plunged on their second day on the stock market, a black eye for all those involved with the social networking company going public.
Facebook shares traded early Monday at $33.15, down 13%, or $5.08, from Friday’s close and putting the company’s valuation under $100 billion.
If you follow the link to the article there is a tracking device that shows how the stock is trading in real time. At the time of this posting (just about 10:10 AM) the stock is down about 13%.