The world is very different than it was 10 years ago. Facebook was an infant, smartphones were nonexistent and the World Wide Web was nascent.» Read More
In the latest chapter of Facebook's trading saga, regulators will be stepping in to oversee a process that will attempt to reconcile Friday’s botched trades.
Doug Kass, Seabreeze Partners Management, says he expected the Facebook IPO would fizzle back in December 2011. "This whole deal reminded me of the hype of the AOL-Time Warner deal," he adds.
Besides Facebook, investors are turning on the underwriter—Morgan Stanley—whose stock has underperformed other banks so far this year.
Herman Leung, senior Internet analyst at Susquehanna Financial Group, says Facebook stock is down for a variety of reasons. "It's a supply-demand issue where there are more shares that came out than originally expected," he says.
1) Did Nasdaq make the right call by not halting the stock? 2) Would this have happened differently at the NYSE?
Check out which companies are making headlines after-the-bell Monday:
“Ironically, this is a huge plus for the IPO market ... with below-average pricings moving forward,” one IPO analyst said.
Stocks ended near highs Monday to post their best trading session in May, with the Dow and S&P 500 snapping a six-day losing streak and the Nasdaq posting its best one-day percentage gain this year, as investors snapped up beaten-down stocks.
Two big names. Two very different trades. That more or less sums up last Friday’s Options Action.
Mark Zuckerberg may have lost a couple of billion today with Facebook's decline, but he's got billions more. Discussing whether investors in the stock should expect a rough week ahead, with Nathan Bachrach, The Financial Network CEO; and CNBC's Bob Pisani and Kayla Tausche.
Still waiting for your buy and sell orders on Facebook spacer to clear? That's ok, it's only money. A lot of money. Your money. In honor of the most astounding trading event of the year, Josh Brown renamed the Facebook IPO "Face-plant", which I thought was pretty funny.
"All the buy-side institutions are shorting it," says one pro. "So there's no reason to jump in here. You're catching a falling knife."
The stock sank without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday.
Behavioral finance specialists will have a field day with the Facebook IPO as it speaks volumes to an issue that differentiates them from those that espouse the efficient market hypothesis.
Forget Facebook, the pros say the top trade in tech is long Apple.
By the time the stock closed near its opening price of $38, his holdings were worth more like $20.3 billion. Paper losses like Zuckerberg’s are not uncommon when an individual’s net worth is so closely tied to a single stock—and a volatile one at that.
“Got craft beer?” The phrase may seem like a laughable spoof of the famous “got milk?” campaign, but not long ago the need for a similar style campaign was being discussed in craft beer circles. It turns out they didn’t need one. Social media created a new platform for craft brewers to get the word out about their brands.
Shares of Facebook are falling roughly 12% today and Apple is rallying, spiking 3%. The FMHR traders discuss Facebook's performance as a stock and the Nasdaq's technological difficulties, with Rich Repetto, Sandler O'Neill principal.
Art Cashin, UBS head of floor trading, weighs in on the impact of Friday's trading problems on the Nasdaq with Facebook's IPO.
We're having an interesting phenomenon the last couple of days...huge interest in a stock even though people aren't really buying it.