The Breakdown

Explaining Southern California's economy

Facebook goes public at $38 per share and raises $16 billion

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38506 full

It's official. Facebook is now FB on the NASDAQ. The great, heaving social network, started by Mark Zuckerberg (and a few others) in a Harvard dorm room less than a decade ago, will float 422 million shares and begin trading tomorrow.

Humanity rejoices! But life just got much tougher for Zuck & Co., who will now be reporting to Wall Street every three months. 

So...will you be buying? 

Follow Matthew DeBord and the DeBord Report on Twitter.

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