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Day Three: Facebook Sinks Another 4%

Facebook's IPO on Friday was the largest in the history of technology. The social network raised a staggering $12 billion, valuing the company at well over $100 billion. But after peaking more than 10% above its share price, the stock fell back to its debut price of $38.

On day two, the stock plunged deep into the red. Bleeding panicked sells like crazy, the share price of FB plummeted 12% to less than $34, sinking the company's valuation to barely $90 billion.

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Tech Bubble, Anyone? Facebook Shares Plunge 12% on Day Two

Facebook's IPO on Friday was the largest in the history of the world's technology sector. The social network raised a staggering $12 billion, valuing the company at well over $100 billion. But after peaking more than 10% above its share price, at just over $42, the stock fell back to its debut price of $38.

On day two, the stock is deep into the red. Bleeding sells like crazy, the share price of FB has plunged a steep 12% to less than $34, sinking the company's valuation to barely $90 billion.

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Just Launched, Intigi's Moonbird is a Cool New Way to Follow Relevant People on Twitter

Intigi has just launched Moonbird, a microapp that helps you find people to follow on Twitter based on the content they share.

The startup describes Moonbird as "a free service that helps you find interesting people to follow on Twitter," and using it is simple: give Moonbird an article URL and it will show you the last 20 people who have shared it on Twitter.

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Watch Out for This Facebook IPO Scam Floating Around Today

Facebook's IPO today was the largest in the history of technology companies. The social network raised $12 billion and is now valued at well over $100 billion, making founder and CEO Mark Zuckerberg one of the wealthiest humans in the world. So it's not surprising to learn that at least one IPO-related scam is making rounds today.

Symanetic has spotted a classic 419 scam—one of the oldest phishing tricks in the book, but one that still manages to catch the gullible off guard. These scams typically promise big money in exchange for assistance but require up-front charges and fees to be paid in advance. From Symantec's blog, here is some info on this latest Facebook scam:

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FB Goes Public: Watch Facebook Billionaire Mark Zuckerberg Ring Nasdaq's Opening Bell [Video]

Today, social network Facebook went public for $38 per share at a total valuation of $104 billion. Founder, CEO, and now multi-billionaire Mark Zuckerberg rang the opening bell for the Nasdaq from his company's headquarters in Menlo Park, California, this morning. Naturally, he was wearing his signature hoodie.

Facebook is selling 421,233,615 shares of common stock to raise $12 billion in capital. This is the largest technology IPO in history. Under the ticker symbol "FB," Facebook shares are currently up over 5% to more than $40, pushing the company's valuation to $110 billion.

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