Facebook IPO falls short

The social media giant's stock rose by mere pennies in its initial public offering, closing at $38.23 from a $38 IPO price. The performance fell far short of the grandiose expectations of Wall Street and Silicon Valley, and raised questions about whether the company's stock was the sure bet many had counted on. <a href="http://www.latimes.com/business/la-fi-facebook-ipo-20120519,0,6863952.story" class="center_label">Story</a>

( Frank Franklin II / Associated Press )

The social media giant's stock rose by mere pennies in its initial public offering, closing at $38.23 from a $38 IPO price. The performance fell far short of the grandiose expectations of Wall Street and Silicon Valley, and raised questions about whether the company's stock was the sure bet many had counted on. Story

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