Facebook Frenzy

摘要

National notebook : For a week, the world went Face-book-crazy as the company's initial public offering of its stock turned into a circus of fervor, greed, and-ultimately-alarm. When the stock finally began trading on Friday morning, it opened at $42 a share, $4 above the offering price of $38. But for those who had hoped Face-book would offer a beacon during dark economic times, there was disappointment. The social network's stock ended almost where it had started-at $38.23 a share, and would almost certainly have dropped further if the underwriters-led by Morgan Stanley-hadn't themselves piled in to support the price. Nonetheless, even this disappointing debut left Facebook worth a stunning $104 billion.