Facebook stock drops following IPO

Press Association
Facebook Nasdaq
Facebook Nasdaq

Facebook's stock has fallen well below its 38 US dollars (£24) initial public offering (IPO) price in the social network's second day of trading as a public company.


Investors and technology industry watchers are closely tracking the California-based company's shares. The world's largest online social network was one of the most anticipated initial public offerings ever and now serves as a bellwether for other social media companies.