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Following what may have been the most anticipated IPO in recent memory, Facebook shares have sunk nearly 13% as of this writing on Monday, May 21.
Well, it’s finally happened. Facebook is now a publicly traded company. At the time of this writing, shares of FB are going for around $40. At opening, Facebook shares were valued at $38 and are expected to earn the social media giant $18.4 billion.
- The practice of two or more parties jointly purchasing all or part of a butchered cow and dividing the meat between them.