Wednesday, November 26, 2014


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Facebook Stock Ends About Where It Started

A monitor shows a welcoming message for Facebook's listing on the Nasdaq Marketsite prior to the opening bell in New York on May 18.A monitor shows a welcoming message for Facebook's listing on the Nasdaq Marketsite prior to the opening bell in New York on May 18.
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A monitor shows a welcoming message for Facebook's listing on the Nasdaq Marketsite prior to the opening bell in New York on May 18.
A monitor shows a welcoming message for Facebook's listing on the Nasdaq Marketsite prior to the opening bell in New York on May 18.
Shares of Facebook ended pretty much where they started on their first day of trading in New York.

Facebook's stock closed on May 18 at $38.23.

It had been priced at $38 per share before its debut on the technology-heavy Nasdaq stock exchange.

Analysts said the closing price could be seen as disappointment after all the hype.

Some analysts have questioned how Facebook will generate income from its more than 900 million users. 

The closing price means Facebook is worth about $105 billion, more than Amazon.com, McDonalds, and storied Silicon Valley icons Hewlett-Packard and Cisco.

Based on reporting by AP and AFP
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