Last update: 1:38 p.m. PT
So, it looks like investors are not too happy with Facebook today.
The company's shares plummeted in early trading, hitting a low of $33, down some 13 percent, shortly after the opening bell. By the end of the day, they had recovered slightly to close out at $34.03, down 11 percent for the first full day of post-IPO trading.
The poor performance puts Facebook much lower than its $38 initial offering price and its Friday close at $38.23. The humongous social network made its attention-grabbing stock market debut Friday.
The … Read more