(Newser)
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Facebook's big day is over, though its IPO didn't meet Wall Street's expectations. Some highlights:
- Rise and fall: Shares opened at $38, rose quickly to $42, then sank again to $38 before underwriters stepped in to keep the price up, reports the Wall Street Journal. Shares closed about where they started, at $38.23.
- Record day: Facebook broke the record for most shares traded in a day with more than 460 million. GM held the previous record with 458 million.
- Trading snafus: The heavy volume took a toll. Nasdaq is taking flak for communication glitches about orders, along with the 30-minute delay in the opening.
- Mark Zuckerberg: Curious how much richer he is? This widget to the rescue.
See
TheStreet.com for detailed coverage.
