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FBN’s Shibani Joshi on the drop in Facebook’s share price early in its first full day of trading.
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Chair and the first day of trading did not goes smoothly and now this on day to day -- -- -- -- -- the details of -- -- get into.
Like how much do you think is the NASDAQ and the -- -- Friday leading into the day are contributing to this you know what if you -- I think a lot of this has to do with that with the trader expectation and not necessarily Facebook's business model because -- business model has been what it is for many many quarters for many many years everybody knew what they were getting themselves into.
But it was a hype in the anticipation and night in what is their biggest.
I in -- -- in a public IPO that is sad country is average seen.
But heavy rotation it does not mean it is optimistic -- and called talking about its reaction today.
Facebook's first day.
Not very he had not a very smooth start to its life in a public -- as well remember on Friday.
Big companies face underwhelming investor demand also know stock pop rising about 25 cents.
On its very first today bankers as we also learned later.
Had to step in with support to keep it from falling below that symbolic and a very important 38 dollar offering price.
Also we're just learning about just the complexity of all of the nasdaq's trading problems today -- -- saying that they are gonna revise -- IPO process.
Too little too late but it all was -- does fiasco not all sort of bad things happening over the weekend keep in mind over the weekend.
Mark Zuckerberg tying the Knot with kids' college sweetheart.
He turned twenty last week took his company public for a hundred billion bucks and then became a -- sand so.
Two different pictures going on here are your Mark Zuckerberg -- is god -- fear investor there.
You're still grappling over this one.
All right -- funny again this is an early try to storage body just you live in the newsroom.
