Facebook's Stock Slump: Banks, Nasdaq, Greed Get The Blame

06:15

May 22, 2012

Morgan Stanley is one of the banks sharing the blame for Facebook's disappointing stock market ride since going public last week. (AP)

Facebook's performance on Wall Street has investors wondering: What's not to like? After the social network's stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied. The benchmark Dow Jones industrial average on Monday rose 135 points, or 1.1 percent, to 12,504.48. The S&P 500 rose 21 points and the Nasdaq jumped 68. Futures trading suggests a slightly lower open.

Guest:

Roben Farzad, Bloomberg Businessweek writer

This segment aired on May 22, 2012.