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Facebook Shares Slump on Second Day

1 shutdown5/21/2012 8:25:46 am PDT

Nope. Underwriters are willing to dig into their profit margin a bit to reduce inventory, but also need to make sure there is a liquid market at this point of the IPO life cycle. The lack of enthusiasm on the first trading day has carried over, and also allowed the voices of original critics of the IPO price (not to mention those skeptical of the FB business model) to be heard. Don’t look for a lot of changes in the trading range until there is financial news on the company.