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 SCOTUS sounds skeptical about law banning gay conversion therapy. Felix Baumgartner's death attributed to his own error. Robin Williams' daughter: AI clips of him are 'disturbing' You might want to take mass transit instead of driving in this city. Report an error