Facebook shares hover around break-even as its leap of 12% in opening trade today came crashing down.
The shares, priced at $38 on Thursday in the largest-ever initial public offering (IPO) for a technology company, jumped to $42.55 in the opening Nasdaq trades. It then fell to $40.01 and returned to its offer price of $38.
Facebook traded 89 million shares in first 30 seconds and traders saw facebook trading range today of up to 5-10%. 421 million shares of common stock are to be sold.
Earlier Nasdaq was experiencing a delay in delivering opening print on Facebook as traders were having problems changing and cancelling orders ahead of the Facebook IPO.
Mr Zuckerberg rang the Nasdaq opening bell remotely from Facebook's new campus in the northern California city of Menlo Park today.
Zynga shares plunge
Shares of online social game maker Zynga plunged 13.3% and triggered a trading halt today as Facebook's IPO fell flat with investors.
Shares in Zynga, which makes popular games used on Facebook and other platforms, were halted at $7.17, near where they started at the beginning of the week before a strong climb ahead of Facebook's market debut.
