Facebook IPO: Social Network Stock Fizzles as Market Closes

Facebook has only a fractional gain on first day as a public company

The closing bell has sounded on Facebook's first day as a public company, and the result could safely be characterized as "meh."

The social network gets the honor of being the biggest debut for a technology company in U.S. stock market history, but CEO Mark Zuckerberg's brainchild enjoyed only a fractional gain on its initial public offering price of $38 a share. 

Also read: Facebook IPO: 5 Warning Signs That Have Investors Worried

The site's stock closed the day up 23 cents, or 0.6 percent to $38.23. It slipped from that perch in after-market trading. 

Facebook opened trading at roughly $42 a share, but continued to slip as the hours ticked by in what was a tough climate for social media stock.

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