The Madeleine Brand Show is a daily, two-hour program that looks at news and culture through the lens of Southern California.
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Facebook's IPO: What went wrong?




A sign announcing Facebook IPO is flashed on a screen outside the NASDAQ stock exchange after the opening bell in Times Square in New York, May 18, 2012.
A sign announcing Facebook IPO is flashed on a screen outside the NASDAQ stock exchange after the opening bell in Times Square in New York, May 18, 2012.
EMMANUEL DUNAND/AFP/Getty Images

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Facebook fans and investors aren't exactly having a great week.

Facebook stock went out at $38 a share on Friday. After an opening day frenzy that boosted the value by a few dollars a share, Facebook stock has been on the decline. Today, it's going for roughly $32 a share.

Producer Steve Proffitt joins Madeleine Brand to discuss what could be causing the drop in value and what it means for the future of Facebook.

Guest:

Steve Proffitt is a staff member on The Madeleine Brand Show. He previously worked for NPR and CBS News.