Facebook IPO Fallout: Stocks Sink on Friday

Markets finish the week with mixed results on a Friday where investors finally got a glimpse at the long-awaited Facebook IPO (FB). The social network pioneer debuted at $38 per share, going up as much as 13% before finish slightly above their opening price. Individual investors were forced to wait to arrive to the party, though, due to a Nasdaq glitch. Would-be traders didn't know whether their trades were executed or not until after 11:00AM. In other news, Microsoft (MSFT) announced they'll be giving away free Xbox 360's - if you buy a computer from them.

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Published on May 18, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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