Facebook stumbles in market debut

Facebook stumbles in market debut

Facebook stumbled in its eagerly anticipated market debut today, as shares ended barely above the offering price, dampening optimism over the world's biggest social network.

The shares, priced at $38 (€29) on Thursday, gained slightly to close at $38.23

Facebook stock saw roller-coaster action in what was one of most keenly awaited issues in history.

Shares jumped 12% to more that $42 in the opening Nasdaq trades, but within minutes fell back to the offering price and despite a midday rally closed almost flat.


More in this Section

FBD digs its heels in on payment issue as Covid claim cases top 700FBD digs its heels in on payment issue as Covid claim cases top 700

Ryanair leads travel stock surge as holiday hotspots prepare to reopenRyanair leads travel stock surge as holiday hotspots prepare to reopen

Shares drive ahead amid hopes for lifting of Covid-19 global lock downsShares drive ahead amid hopes for lifting of Covid-19 global lock downs

France unveils €8bn plan to rescue ailing car industryFrance unveils €8bn plan to rescue ailing car industry


Lifestyle

Guilt offers highly-entertaining drama, while McMillions is among the offerings from Sky's new documentary channelWednesday TV Highlights: Guilt-y pleasure viewing from RTÉ and a Monopoly themed heist

More From The Irish Examiner