Facebook stock trading begins after delay

Facebook's long awaited and highly anticipated launch of its IPO has started after suffering from a delay. The stock in the social networking site was supposed to begin trading at 11 am Eastern time today on the NASDAQ stock market but that didn't happen until 11:30 am. The Wall Street Journal reports that some stock traders have had issues changing and cancelling orders for the stock ahead of the IPO launch. Facebook is being traded until the symbol "FB".

Earlier this morning, as scheduled, Facebook founder and CEO Mark Zuckerberg "rang" the bell to start the trading day at the NASDAQ stock market in New York City. The stock market closes for its day at 4 pm Eastern time. Facebook has also launched its investor website today.

On Thursday, Facebook announced that trading would start at a price of $38 a share. The initial public offering of shares is expected to raise as much as $16 billion for Facebook. The stock price will also value the company at about $104 billion. That would make it the third biggest IPO launch ever in the United States.

Zuckerberg, who owns the largest amount of stock of the company, will, on paper anyway, be worth over $17 billion when trading on Facebook begins.

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21 Comments

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Facebook will close today at $38... with no change in value, a lot of the people who hyped this expected some massive climb in price today...

Brian Miller said,
Hoew exactly do you buy the shares? I don't know any brokers.

Open an account with web-based brokers like E-Trade or Fidelity. Then you just go on, pick your stock, pick how much you want to spend, boom purchased.

You should think about this stock on the following lines

1. MZ is a lucky guy. Money always follows the lucky ones.
2. MZ is a smart young and incredibly talented guy.
3. MZ will use this money to come up with other great ideas that can leverage his facebook open graph
4. Google has lot of data but they don't know much about you. Facebook has a lot of data so I would think their ads are more relevant and less annoying than Google.
5. MZ has a good partnership with Microsoft (which will the underdog of this decade), they can come up with awesome ideas with bing, windows phone, kinect, windows 8 etc.

Perseus Prime said,
You should think about this stock on the following lines

1. MZ is a lucky guy. Money always follows the lucky ones.
2. MZ is a smart young and incredibly talented guy.
3. MZ will use this money to come up with other great ideas that can leverage his facebook open graph
4. Google has lot of data but they don't know much about you. Facebook has a lot of data so I would think their ads are more relevant and less annoying than Google.
5. MZ has a good partnership with Microsoft (which will the underdog of this decade), they can come up with awesome ideas with bing, windows phone, kinect, windows 8 etc.


Google's ads are actually more relevant, as they pertain to what you're searching for. Facebook's ads go off information from your profile, so it'll be relevant, but not as relevant as actively seeking information regarding something and being given an ad about what you're seeking.

Bing now integrates with facebook and I think this will help ads to be more relevant.

Anthony Tosie said,

Google's ads are actually more relevant, as they pertain to what you're searching for. Facebook's ads go off information from your profile, so it'll be relevant, but not as relevant as actively seeking information regarding something and being given an ad about what you're seeking.

NPR had a good interview with an analysts and it basically pointed out to buy facebook stock at it's launch price facebook will have to double or triple it's current revenue in the future to actually make any money from it's stock.

And since it makes money on ads selling your information... what do you think you will see facebook doing in the future to try and double and triple current profits?

Jason Stillion said,
NPR had a good interview with an analysts and it basically pointed out to buy facebook stock at it's launch price facebook will have to double or triple it's current revenue in the future to actually make any money from it's stock.

And since it makes money on ads selling your information... what do you think you will see facebook doing in the future to try and double and triple current profits?

Expanding and aquiring other businesses (e.g. instagram) is probably the biggest (or only) way to increase revenue. Or charging more money for ads!

The media is hyping this IPO like people should actually care about it. 99.9% of people are not affected by this. The average Joe should NOT buy Facebook stock for at least a year. Investing in a trend is a horrible idea.

neufuse said,
I'd hate to be the people that bought it when it hit $45 today just to drop down to $38 again

Yeah, watched it on my stock ticker at work, it topped at about $43 on the NASDAQ, and then tanked back to 38 in about 10 minutes. Lots of people lost a lot of money very quickly.

Unless of course you work for Facebook, and you're probably doing the victory dance.

Majesticmerc said,

Yeah, watched it on my stock ticker at work, it topped at about $43 on the NASDAQ, and then tanked back to 38 in about 10 minutes. Lots of people lost a lot of money very quickly.

Unless of course you work for Facebook, and you're probably doing the victory dance.

im loling so hard right now. i knew this was just gonna be an epic fail.

Dot Com Boom version 2.0

neufuse said,
I'd hate to be the people that bought it when it hit $45 today just to drop down to $38 again

They probably short sold same time thus minimising losses.

neufuse said,

but to sell, someone has to buy!


That doesn't mean anyone lost money. Companies that invested earlier, such as Microsoft, may have simply flooded the market with their stock, which drove the price back down. It's unlikely someone who bought the stock at $45 went on to flip it at $38 -- that doesn't make any sense.