Facebook went public on May 18 with the initial public
offering price of USD 38. Although many investors expected a first-day spike, by
the end of the session the gain was just 0.6 percent. The debut was overshadowed
also by technical problems – trading was delayed for 30 minutes and there were
issues with traders' orders. Today is
its first trading day. At the time of writing Facebook shares have already
plummeted by 12.45% to USD 33.47. Now investors and advisers watch closely the
company's shares, as Facebook became a bellwether for other social media
companies.