Women’s Wear Daily
04.18.2014
fashion-memopad
fashion-memopad

Facebook Inc. Shares Slip on Monday

In comparison to shares of other technology firms, the social-media site was quite an underperformer.

fashion-memopad/news

NO FACEBOOK FRIENDS: The stock market wasn’t that friendly to Facebook Inc. on Monday. Shares in the social-media site fell 11 percent, or $4.20, to $34.03 from its close of $38.23 on Friday, its first day of trading.

In comparison to shares of other technology firms, the site was quite an underperformer. Apple Inc. rose 5.8 percent, or $30.90, to $561.28, while Google Inc. gained 2.3 percent, or $13.71, to $614.11. Yahoo Inc. rose 1 percent, or 16 cents, to $15.58, in part on the news over the weekend that the web portal was selling back to Alibaba Group up to half of its 40 percent stake in the business. Also rising was eBay Inc., up 3 percent, or $1.15, to $39.51, and Amazon.com Inc, which increased 2 percent, or $4.26, to $218.11.

 

RELATED STORY: Claire Pettibone Sees Traffic Spike After Zuckerberg Wedding >>

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