Where are Facebook's friends? Stock down after IPO - Newsday

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Originally published: May 21, 2012 9:38 AM
Updated: May 21, 2012 1:18 PM
By The Associated Press  BARBARA ORTUTAY (AP Business Writers), PALLAVI GOGOI (AP Business Writers)

Quick ReadFacebook stock sinks 11 percent, to below IPO price, in 2nd day of trading as public company

Photo credit: AP | FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)

(AP) -- Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday.

By early afternoon, the stock was at $34.04, down 11 percent from Friday's closing price of $38.23.

Investors and technology industry watchers are closely tracking the Menlo Park, Calif.-based company's shares. Facebook's initial public stock...

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