The trading glitches, coupled with underwhelming investor appetite for Facebook shares on Friday, fueled doubts about Wall Street's ability to handle hot IPOs. Shares of Nasdaq OMX Group slipped 2.5% to $21.45 premarket. Facebook's stock fell below its
By Bloomberg News Daniel Acker/BloombergShares in Facebook, which went on sale Friday, plunged in early trading. US stocks advanced, sending the Standard & Poor's 500 Index up from the lowest level in four months, after China signaled it would support
By Bloomberg News Daniel Acker/BloombergShares in Facebook, which went on sale Friday, plunged in early trading. US stocks advanced, sending the Standard & Poor's 500 Index up from the lowest level in four months, after China signaled it would support
Facebook's stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company.
The deal offers Cooper shareholders $72 a share in cash and stock, a 29% premium to its Friday close. Facebook's ($33.72, -$4.51, -11.80%) stock fell below its initial public offering price. Despite much enthusiasm for the company's shares, the stock