Facebook IPO: What went wrong
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.
![Gadgets 360 With Technical Guruji: Tech Tip [August 17, 2024]](https://c.ndtvimg.com/2023-11/8gmsbl88_tech-tips_640x480_11_November_23.jpg "Gadgets 360 With Technical Guruji: Tech Tip [August 17, 2024]")
![Gadgets 360 With Technical Guruji: Did You Know? [October 5, 2024]](https://c.ndtvimg.com/2024-10/khm6ijp8_did-you-know_160x120_05_October_24.jpg?downsize=355∶533 "Gadgets 360 With Technical Guruji: Did You Know? [October 5, 2024]")
![Gadgets 360 With Technical Guruji: News of the Week [October 5, 2024]](https://c.ndtvimg.com/2024-10/jgj2u8h_news-of-the-week_160x120_05_October_24.jpg?downsize=355∶533 "Gadgets 360 With Technical Guruji: News of the Week [October 5, 2024]")
