back to article Facebook jumps then slumps in first few minutes day's trade

Facebook's shares debuted on the Nasdaq today at $42 and immediately skidded downwards to the original IPO price of $38. The social network set its IPO price last night at $38, valuing it at $104bn. However, through the mysteries of IPOing, it actually opened at $42, shortly after 11am Eastern Time. That price values the …

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  1. Soma
    Go

    What goes up must come down (Amended and Disproved)

    Attributed to Isaac Newton... the law of gravity!

    Only problem, of course, is that this is actually something that he conclusively disproved. If Facebook Shares have sufficiently high upward velocity, gravity, weakening evermore with increasing distance, will not be able to bring the Facebook Shares down. They will be in a 'hyperbolic' orbit.

  2. Wyccant
    Holmes

    Buy into it now, figure out how to turn a profit later.

    Strategy has been a roaring success since 1998.

  3. Alan Brown Silver badge

    "How to make a small fortune on the Internet"

    "First, start with a large fortune"

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