Facebook Inc ( NASDAQ: FB ) dropped to $38

The long awaited multibillion dollar Social Network Facebook Inc offerings set to open in an hour under the ticker FB on Nasdaq. How will it trade on day first and will it cheer stock markets?

Catch the live action here

-Facebook opening bell delayed: Nasdaq

-Facebook shares opened just flat,6 % ( $40.5 ) higher to offering price of $38. Nothing like circuit breaker hit and no excitement. No panic buying seen as share started sleeping. Don't buy now as stock might slip in red soon. Check out our view Why Facebook is a sell? It has slipped from day high of $43.20. There is no more appetite for social media offering and might turn out to be a flop listing

-Facebook Share drift to $38 and might slip soon
-Facebook Share close to $38 at final minutes of trading left

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