Mark Zuckerberg concedes that Facebook stock plummet is ‘painful’ to watch

The Facebook IPO, spearheaded by Morgan Stanley as the underwriter, was one of the most anticipated tech IPOs in recent memory.
The stock opened up on the NASDAQ on May 18 in the $ 38 range and quickly dropped down to the low $ 30 range where it vacillated between about $ 25 a share and $ 31 a share for a number of weeks.
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Yoni Heisler’s blog

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