Facebook early share gains fade

Agence France-Presse
Facebook shares jump 12% in opening trade but fall back to initial price of $38 billion minutes after

NEW YORK, United States (AFP) – Facebook saw an early surge in its share price fade Friday as the wildly popular social network made its stock market debut.

The shares, priced at $38 on Thursday in the largest-ever initial public offering (IPO) for a technology company, jumped 12% to $42.55 in the opening Nasdaq trades but within minutes fell back to the offering price. – Agence France-Presse

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