Facebook IPO: 'FB' Stock Closes Close to IPO Price But Still Biggest U.S. Tech IPO

The Facebook IPO generated intense attention from the media and investors on its opening day Friday, but it failed to generate much of a profit. The stock closed at $38.23 in Nasdaq trading, up just 23 cents from its initial price, when many analysts had expected at least a jump of 5 to 10 percent. As Max Wolff an analyst with Greencrest Capital Management put it, "this starlet tripped on the red carpet." The market completed its worst week of the year, contributing to Facebook's...Full Story
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