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Indications that Facebook (FB) will open in the low-to-mid $40s, below the expectations of some,...

Indications that Facebook (FB) will open in the low-to-mid $40s, below the expectations of some, have contributed to a selloff in the NASDAQ, which is now trading near breakeven. Facebook-related plays are also moving lower. GSVC -3.8%. SVVC -9.3%. ZNGA -2.4%. RENN -7.4%. Trading has been delayed, but is expected to begin in minutes.
Comments (3)
  • :)))) Another IPO fiasco.

     

    Nobody wants the shares. That's the problem.

     

    Insider bag holders..
    18 May 2012, 11:23 AM Reply Like
  • More like a soap, Nasdaq has stopped even trying to predict when trading will really start.

     

    Not sure noone wants the shares, though.
    18 May 2012, 11:27 AM Reply Like
  • First IPO I've watched but up 5% doesn't seem like the pop all the hype was building up too.
    18 May 2012, 01:09 PM Reply Like
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