Money | Facebook Facebook IPO Ends Flat: Right Back at $38 Shares don't fare as well as expected By John Johnson Posted May 18, 2012 3:15 PM CDT Copied The Chrysler Building is visible behind the animated facade of the Nasdaq MarketSite in New York's Times Square. (AP Photo/Richard Drew) Facebook's big day is over, though its IPO didn't meet Wall Street's expectations. Some highlights: Rise and fall: Shares opened at $38, rose quickly to $42, then sank again to $38 before underwriters stepped in to keep the price up, reports the Wall Street Journal. Shares closed about where they started, at $38.23. Record day: Facebook broke the record for most shares traded in a day with more than 460 million. GM held the previous record with 458 million. Trading snafus: The heavy volume took a toll. Nasdaq is taking flak for communication glitches about orders, along with the 30-minute delay in the opening. Mark Zuckerberg: Curious how much richer he is? This widget to the rescue. See TheStreet.com for detailed coverage. Read These Next Obituary reveals teacher's same-sex marriage, and he's fired. Teen Motocross star repeatedly 'run over' at event. Firefighters 'didn't have a chance' in Idaho ambush. After girl goes overboard on cruise, 'hero' dad to the rescue. Report an error