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Yahoo has done little to prove that it’s dominant Web portal will be a long-term answer to the growing threat of social networks like Facebook, Twitter, and LinkedIn.
The stock sank without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday.
Stocks closed near session lows Friday, with all three major averages posting their worst weekly drop this year, as investors were cautious ahead of the weekend amid fears over the euro zone and euphoria over Facebook's trading debut fizzled.
Facebook set a record for volume on its first day of trading, but the stock otherwise failed to live up to all the hype.
Take a look at some of Friday's midday movers:
Jim Cramer’s researcher, Nicole Urken, dives into some broader themes when looking at the first day of Facebook as a public company.
The freshly minted tech millionaires and billionaires of Silicon Valley, including those benefitting from Facebook’s IPO today, are selling stock earlier and in larger numbers than previous generations of tech tycoons.
"The healthcare industry is being significantly impacted by Facebook and social media. The use of these social media channels has led to a significant shift in the way we engage internally as well as with the external world. "
While Facebook's shares have now ballooned to $38 per share, and perhaps more later today, it’s been a sometimes bumpy road for its private pricing history.
Check out which companies are making headlines after-the-bell Thursday:
After an IPO, insiders and major holders normally have to wait 180 days to sell shares. But that's not the case with Facebook.
“What's happening now is nothing like the insanity that gripped the market in 1999,” Cramer said.
If the Facebook IPO is to succeed, it will have to overcome a less-than-stellar history of similar technology offerings that started quickly but soon faltered.
Facebook's IPO, by some estimates, will turn a thousand of its employees into instant millionaires. So many suddenly wealthy taxpayers in California couldn't come at a better time.
I'll say it right at the top: I want Facebook to succeed. I want it to succeed because I want people to be excited about investing in stocks, and they are not right now ... and haven't been for a while.
As part of Microsoft's redesigned Bing, people you know, and in some cases, strangers, are more prominently featured in the search mix that includes Facebook and other networks.
Facebook has seen a frenzy of demand in the run-up to its initial public offering. On Monday, the company increased the price range for shares, and 24-hours later, said it would be upping the size of the deal by roughly 25 percent.
Mark May, analyst with Barclays Capital, told CNBC’s “Squawk on the Street,” that Groupon’s share price pop is just the beginning for the three-year-old company.
The Facebook gravy train is a long one – and some of the people who will benefit from the initial public offering are ones you might not expect.
Microsoft is going social with the latest rollout of its search engine Bing that makes Facebook its key component.