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Description: The 8-year-old social-networking site run by co-founder Mark Zuckerberg closed 0.6 percent higher at $38.23 in New York yesterday. That compares with Carlyle Group LP (CG)’s lackluster 0.2 percent day-one increase on May 3. It pales in contrast with Google Inc. (GOOG)’s 18 percent jump in its 2004 initial public offering, Visa Inc. (V)’s 28 percent gain in 2008 and LinkedIn Corp.’s 109 percent surge last May.

Source: Bloomberg.com

Date: May 19, 2012

Link: http://www.bloomberg.com/news/2012-05-18/facebook-failing-to-garner-day-one-pop-lags-behind-google.html

Questions for Discussions:

  • How did Facebook fare on the first day of trading in comparison to other hyped IPOs?
  • Where do you think the stock will go over the next few weeks, given its launch results?
  • Would you be a buyer today?

 

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