Where are Facebook’s friends? Stock is down on second day trading
Facebook’s stock is tumbling well below its $38 IPO price in the social network’s second day of trading as a public company on Monday. Shares are down 11 percent in late morning trading.
“I was just sitting in my dorm room one night and said ‘oh hell, why not?’ It was almost frustratingly easy.” - Danny Ben-David, a freshman at MIT, was one of the first to get in on the craze, after winning approval for his Why Not ZoidPAC? in March.” — Stephen Colbert spawns army of crazy super PACs - CNN Money
Susan Binford, assistant dean for communications at the Lyndon B. Johnson School of Public Affairs, says the “pubic” typo was spotted after the programs were distributed at Saturday’s commencement exercises.
“Obviously, we are mortified. It’s beyond embarrassing.”
Read: JIMROMENESKO
Using ‘self defense’ as you attack with a gun: the death of Trayvon was avoidable if Zimmerman asked “do you live around here?’ That’s how humans communicate.
few bumps and scrapes caused by a kid FIGHTING FOR HIS LIFE against a MAN WITH A GUN!
Jay-Z Has 99 Problems But Gay Marriage* Isn’t One Of Them
you know what’s cool…
via ProducerMatthew
“I could write 1,000 words about Facebook IPO media coverage. Or I could post this photo.” - @brianstelter
(via Instagram)
Followers surpass posts. Never thought that would happen.
Thanks everyone!
Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.
The stock opened 11 percent higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. The No. 1 online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.
After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company’s closely watched stock began trading at $42.05, compared with an IPO price of $38.
To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg — flanked by Chief Operating Officer Sheryl Sandberg and Nasdaq Chief Executive Robert Greifeld — rang the bell to kick off trading at the company’s Silicon Valley headquarters at 6:30 a.m. Pacific time.
The 28-year-old billionaire founder hugged and high-fived Sandberg and other employees in celebration after he pressed the remote button.
READ MORE: Facebook fizzles in debut, shares skirt IPO price
While waking down the endless streets of Varanasi, I saw these two little girls playing at the front door of their house. As soon as I approached, holding my camera, both girls covered their faces with their hands, feeling terribly embarrassed. I chose, anyhow, to capture the moment.
Photo and caption by Carla Collelo
(via National Geographic)
“I don’t know whether Barack Obama was born in the United States of America. But I do know this, that in his heart, he’s not an American. He’s just not an American.” — Rep. Mike Coffman (R-Colorado), speaking to supporters. Coffman later said he “misspoke.” (via officialssay)
Before She Was The Rachel Maddow
Read/Watch: The Best Of The Maddow-Tucker Carlson Debates, Mediaite
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