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The day the Facebook IPO went live was, to put it mildly, a bit chaotic. The opening was delayed due to technical issues on the NASDAQ exchange, which caused a bit of a hiccup. When trading finally began, the stock price initially surged, hitting above $42 per share. However, the gains were short-lived. Due to the high trading volume and technical glitches, many orders were delayed or not executed correctly, leading to frustration among investors and traders. This initial bumpiness raised questions about the exchange's ability to handle such a large and complex IPO. The stock price quickly began to fall, closing at $38.23 per share, only slightly above the initial offering price. This was a disappointment for many, especially those who had hoped for a significant first-day pop. The **Facebook IPO year** had begun, and the market wasn't entirely impressed, even though the company still achieved its goals of going public and raising funds. The following days and weeks were filled with volatility. The stock price continued to fluctuate, often trading below the IPO price. This led to criticism and scrutiny. Investors were questioning the valuation, the company's growth strategy, and the overall management of the IPO process. The problems on the NASDAQ exchange, and the lack of a strong first-day performance, also led to several lawsuits from unhappy investors. They claimed that the exchange's technical issues and the handling of the IPO had cost them money. The early days of the **Facebook IPO year** were anything but smooth. But despite the initial setbacks and the challenges in the early days, the company's fundamental strengths and the social media giant's long-term potential were still there.
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