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Facebook IPO: What went wrong

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  • Published On: May 19, 2012
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The historic initial public offering of Facebook did not go as planned on Friday. By the end of the trading day on the NASDAQ, Facebook the shares closed at $38.23, barely above the $38 IPO price, gaining a mere 23 cents a share. Analysts point out with 900 million users, how does Facebook's social network grow from here. Here is an analysis of what went wrong.
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