Facebook IPO: No Sizzle, No Fizzle

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Facebook IPO: No Sizzle, No Fizzle
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That's up $0.23 a share from its IPO price but down from the stock's opening trading price of $42.

The stock, which trades on NASDAQ using the symbol "FB," was supposed to enter the market at 11:00 a.m. ET. Instead, it was delayed by more than 30 minutes, reportedly due to overloaded demand on NASDAQ's systems.

Some analysts have remarked that the trading delay ultimately hurt Facebook's opening day.

While many are quick to point the finger at Facebook's relatively flat performance as a sign that the company has "failed," we think Twitter's Director of Platform, Ryan Sarver put it best:

I love how analysts are saying "facebook disappoints on it's opening day". IT'S WORTH $105B IN 8 YEARS!! Nothing disappointing about that— Ryan Sarver (@rsarver) May 18, 2012

In the comments, let us know your thoughts on Facebook's opening day performance.

Thumbnail photo courtesy of Zef Zikolla, Facebook

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