{"id":13092,"date":"2012-05-21T16:29:00","date_gmt":"2012-05-21T14:29:00","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=13092"},"modified":"2012-05-22T12:25:02","modified_gmt":"2012-05-22T10:25:02","slug":"facebook-shares-crash-to-below-ipo-price","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/13092\/facebook-shares-crash-to-below-ipo-price\/","title":{"rendered":"Facebook shares crash to below IPO price"},"content":{"rendered":"<p><a title=\"Facebook\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1710-Facebook\">Facebook<\/a> shares plunged more than eight percent below the IPO price of $38 in opening trade Monday, after fizzling in their debut Friday (18 May 2012).<\/p>\n<p>Three minutes into opening trade, the shares were changing hands at $35.02, as markets generally rose.<\/p>\n<p>Facebook launched into public trading amid high expectations from analysts after a record-breaking IPO run that saw the world\u2019s largest social network comfortably reach its upper-range $38 per share starting price.<\/p>\n<p>However, what resulted from the company\u2019s first day of trading was a lot of disappointment as the stock hit a high of $45 and then fell flat to $38.23 \u2013 only 0,61% higher than its IPO price<\/p>\n<p><strong>Related articles<\/strong><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/13055\/facebook-investors-still-divided-over-value\/\"><strong>Facebook \u2013 investors still divided over value<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/12970\/facebook-trips-and-stumbles-on-first-day-of-trade\/\"><strong>Facebook trips and stumbles on first day of trade<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/13027\/facebook-ipo-problems-lead-to-nasdaq-revamp\/\"><strong>Facebook IPO problems lead to Nasdaq revamp<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/12881\/zuckerberg-rings-nasdaq-bell-as-facebook-begins-trading\/\"><strong>Zuckerberg rings Nasdaq bell as Facebook begins trading<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/12259\/facebook-ipo-oversubscribed-source\/\"><strong>Facebook IPO oversubscribed: source<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook shares plunged more than eight percent below the IPO price of $38 in opening trade Monday, after fizzling in their debut Friday (18 May 2012). Three minutes into opening trade, the shares were changing hands at $35.02, as markets generally rose. Facebook launched into public trading amid high expectations from analysts after a record-breaking<\/p>\n","protected":false},"author":4,"featured_media":785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,45,155],"class_list":["post-13092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-facebook","tag-ipo"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=13092"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13092\/revisions"}],"predecessor-version":[{"id":13094,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13092\/revisions\/13094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/785"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=13092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=13092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=13092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}