Facebook's shares are trading lower on their second day on Nasdaq.
In pre-market trading this morning, the company's shares dropped 4.37 percent to $36.56, leaving them below their initial $38 offering price and their first-day close of $38.23.
Facebook's shares rose to a high of $45 on Monday before flirting with falling below their initial price. It was believed that the stock was buoyed by underwriters to ensure it didn't slip below $38.
Aside from Facebook finally going public, the big story on Friday was Nasdaq delaying its opening due to a technical glitch. … Read more