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Wednesday, May 15, 2024

Facebook IPO stumbles: Why didn’t it wow investors?

Facebook IPO stumbles: Why didn't it wow investors? (+video) (via The Christian Science Monitor)

It's finally official: Facebook is a publicly traded company, and investors in its newly listed stock now own some 421 million shares in the company that has come to define social networking in the online world. Or, in Facebook jargon, the company has been "friended" by Wall Street. Shares in the initial…


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