Eventually the company could pass Google in revenue because users spend more time on Facebook than on Google's Market watchers have been speculating that underwriters may provide additional support for Facebook shares, in order to keep the stock from
Tough morning for The Zuck — after a lackluster debut Facebook stock is sinking like a stone this morning down more than 11% from its opening…
Facebook shares are melting down again on Tuesday, and though the rest of the stock market doesn't seem to care, it should: This episode will likely further cement Main Street's hatred and distrust of Wall Street.
The stock climbed $1, or 3.2 percent, to close at $32 on Wednesday. LAWSUITS: Several shareholders who bought stock in the IPO have filed lawsuits against Facebook, its executives and Morgan Stanley, the IPO's lead underwriter.
The social network's celebratory debut on Wall Street has given way to a plunging share price and bitter recriminations.